iShares MSCI Taiwan ETF (NYSEARCA:EWT) Reaches New 12-Month High – Here’s Why

iShares MSCI Taiwan ETF (NYSEARCA:EWT)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $97.29 and last traded at $97.26, with a volume of 3360385 shares. The stock had previously closed at $94.47.

iShares MSCI Taiwan ETF Stock Up 3.2%

The stock has a market cap of $10.00 billion, a price-to-earnings ratio of 17.58 and a beta of 1.07. The company’s 50-day moving average is $81.01 and its 200-day moving average is $71.99.

Institutional Trading of iShares MSCI Taiwan ETF

Hedge funds have recently modified their holdings of the company. Main Street Group LTD acquired a new stake in shares of iShares MSCI Taiwan ETF in the first quarter valued at approximately $29,000. Acumen Wealth Advisors LLC acquired a new stake in shares of iShares MSCI Taiwan ETF in the first quarter valued at approximately $32,000. Solstein Capital LLC increased its holdings in shares of 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 purchasing an additional 465 shares in the last quarter. Nalls Sherbakoff Group LLC acquired a new stake in shares of iShares MSCI Taiwan ETF in the fourth quarter valued at approximately $35,000. Finally, Merkkuri Wealth Advisors LLC acquired a new stake in shares of iShares MSCI Taiwan ETF in the first quarter valued at approximately $39,000.

About iShares MSCI Taiwan ETF

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.