iShares MSCI Taiwan ETF (NYSEARCA:EWT) Shares Gap Down – Here’s Why

iShares MSCI Taiwan ETF (NYSEARCA:EWT) gapped down before the market opened on Tuesday . The stock had previously closed at $64.11, but opened at $61.11. iShares MSCI Taiwan ETF shares last traded at $61.1450, with a volume of 1,056,114 shares changing hands.

iShares MSCI Taiwan ETF Stock Up 1.4%

The company has a market capitalization of $6.35 billion, a P/E ratio of 17.58 and a beta of 0.94. The firm’s 50-day moving average price is $64.66 and its 200 day moving average price is $61.27.

Institutional Trading of iShares MSCI Taiwan ETF

Several institutional investors and hedge funds have recently modified their holdings of EWT. New Vernon Capital Holdings II LLC raised its position in iShares MSCI Taiwan ETF by 3,512.4% in the 1st quarter. New Vernon Capital Holdings II LLC now owns 5,216,485 shares of the exchange traded fund’s stock valued at $247,679,000 after buying an additional 5,072,082 shares during the last quarter. Northern Trust Corp grew its stake in shares of iShares MSCI Taiwan ETF by 6.8% in the 1st quarter. Northern Trust Corp now owns 2,964,375 shares of the exchange traded fund’s stock worth $140,749,000 after acquiring an additional 188,203 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of iShares MSCI Taiwan ETF by 393.4% in the second quarter. BNP Paribas Financial Markets now owns 2,085,693 shares of the exchange traded fund’s stock valued at $119,719,000 after purchasing an additional 1,662,985 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of iShares MSCI Taiwan ETF by 2,378.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,905,456 shares of the exchange traded fund’s stock valued at $109,373,000 after purchasing an additional 1,828,566 shares in the last quarter. Finally, Schroder Investment Management Group boosted its holdings in iShares MSCI Taiwan ETF by 4,066.3% during the second quarter. Schroder Investment Management Group now owns 1,677,273 shares of the exchange traded fund’s stock worth $97,030,000 after purchasing an additional 1,637,015 shares during the last quarter.

iShares MSCI Taiwan ETF Company Profile

Ishares MSCI Taiwan Index Fund (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Taiwan IndexSM (the Index). The Index consists of stocks traded primarily on the Taiwan Stock Exchange.