iShares MSCI Taiwan ETF (NYSEARCA:EWT) Hits New 12-Month High – Time to Buy?

iShares MSCI Taiwan ETF (NYSEARCA:EWT)’s stock price hit a new 52-week high on Thursday . The stock traded as high as $77.22 and last traded at $77.06, with a volume of 6289668 shares trading hands. The stock had previously closed at $75.73.

iShares MSCI Taiwan ETF Price Performance

The company has a market cap of $8.67 billion, a PE ratio of 17.58 and a beta of 0.94. The business’s 50 day moving average is $68.05 and its 200-day moving average is $64.96.

Hedge Funds Weigh In On iShares MSCI Taiwan ETF

A number of institutional investors and hedge funds have recently modified their holdings of EWT. Solstein Capital LLC raised its stake in iShares MSCI Taiwan ETF by 1,660.7% in the fourth quarter. Solstein Capital LLC now owns 493 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 465 shares in the last quarter. Huntington National Bank boosted its position in shares of iShares MSCI Taiwan ETF by 60,000.0% during the 4th quarter. Huntington National Bank now owns 601 shares of the exchange traded fund’s stock worth $38,000 after acquiring an additional 600 shares in the last quarter. Summit Securities Group LLC purchased a new position in shares of iShares MSCI Taiwan ETF in the 4th quarter valued at about $45,000. Greykasell Wealth Strategies Inc. purchased a new position in shares of iShares MSCI Taiwan ETF in the 4th quarter valued at about $49,000. Finally, Triumph Capital Management acquired a new stake in shares of iShares MSCI Taiwan ETF during the 3rd quarter worth about $55,000.

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.