iShares MSCI Taiwan ETF (NYSEARCA:EWT) Reaches New 52-Week High – Still a Buy?

Shares of iShares MSCI Taiwan ETF (NYSEARCA:EWT) reached a new 52-week high during trading on Thursday . The stock traded as high as $104.16 and last traded at $102.97, with a volume of 6456517 shares trading hands. The stock had previously closed at $102.14.

iShares MSCI Taiwan ETF Price Performance

The company’s 50-day moving average is $83.31 and its two-hundred day moving average is $72.95. The firm has a market cap of $10.56 billion, a P/E ratio of 17.58 and a beta of 1.07.

Institutional Investors Weigh In On iShares MSCI Taiwan ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Main Street Group LTD bought a new stake in iShares MSCI Taiwan ETF during the first quarter worth about $29,000. Acumen Wealth Advisors LLC bought a new stake in iShares MSCI Taiwan ETF during the first quarter worth about $32,000. Solstein Capital LLC lifted its position in iShares MSCI Taiwan ETF by 1,660.7% during the fourth quarter. Solstein Capital LLC now owns 493 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 465 shares during the period. Nalls Sherbakoff Group LLC bought a new stake in iShares MSCI Taiwan ETF during the fourth quarter worth about $35,000. Finally, Merkkuri Wealth Advisors LLC bought a new stake in iShares MSCI Taiwan ETF during the first quarter worth about $39,000.

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.