Royal Bank of Canada Sells 100,093 Shares of iShares MSCI Taiwan ETF $EWT

Royal Bank of Canada lessened its stake in shares of iShares MSCI Taiwan ETF (NYSEARCA:EWT) by 58.6% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 70,659 shares of the exchange traded fund’s stock after selling 100,093 shares during the quarter. Royal Bank of Canada’s holdings in iShares MSCI Taiwan ETF were worth $5,011,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of EWT. Main Street Group LTD acquired a new stake in iShares MSCI Taiwan ETF during the first quarter worth approximately $29,000. Acumen Wealth Advisors LLC acquired a new position in shares of iShares MSCI Taiwan ETF in the first quarter valued at approximately $32,000. Solstein Capital LLC increased its stake in shares of 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 shares of iShares MSCI Taiwan ETF in the fourth quarter valued at about $35,000. Finally, Merkkuri Wealth Advisors LLC bought a new stake in shares of iShares MSCI Taiwan ETF in the first quarter valued at about $39,000.

iShares MSCI Taiwan ETF Stock Up 2.2%

NYSEARCA EWT opened at $106.18 on Thursday. The firm has a 50-day moving average price of $102.35 and a two-hundred day moving average price of $87.75. iShares MSCI Taiwan ETF has a 12-month low of $57.56 and a 12-month high of $112.78. The company has a market capitalization of $11.05 billion, a P/E ratio of 17.58 and a beta of 1.10.

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.