iShares MSCI Taiwan ETF (NYSEARCA:EWT) Reaches New 52-Week High – Here’s What Happened

Shares of iShares MSCI Taiwan ETF (NYSEARCA:EWT) hit a new 52-week high during trading on Wednesday . The company traded as high as $92.99 and last traded at $92.77, with a volume of 4218064 shares trading hands. The stock had previously closed at $90.41.

iShares MSCI Taiwan ETF Stock Down 0.6%

The stock has a 50 day moving average price of $76.83 and a 200 day moving average price of $70.07. The stock has a market capitalization of $9.68 billion, a price-to-earnings ratio of 17.58 and a beta of 1.07.

Hedge Funds Weigh In On iShares MSCI Taiwan ETF

A number of hedge funds have recently made changes to their positions in the stock. Banque Cantonale Vaudoise raised its position in shares of iShares MSCI Taiwan ETF by 0.4% during the third quarter. Banque Cantonale Vaudoise now owns 37,937 shares of the exchange traded fund’s stock worth $2,414,000 after acquiring an additional 158 shares during the last quarter. Vident Advisory LLC raised its position in shares of iShares MSCI Taiwan ETF by 2.1% during the third quarter. Vident Advisory LLC now owns 8,069 shares of the exchange traded fund’s stock worth $513,000 after acquiring an additional 168 shares during the last quarter. M&T Bank Corp raised its position in shares of iShares MSCI Taiwan ETF by 3.6% during the second quarter. M&T Bank Corp now owns 5,065 shares of the exchange traded fund’s stock worth $291,000 after acquiring an additional 178 shares during the last quarter. Bessemer Group Inc. raised its position in shares of iShares MSCI Taiwan ETF by 2.6% during the third quarter. Bessemer Group Inc. now owns 7,815 shares of the exchange traded fund’s stock worth $497,000 after acquiring an additional 198 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of iShares MSCI Taiwan ETF by 25.7% during the third quarter. Farther Finance Advisors LLC now owns 1,071 shares of the exchange traded fund’s stock worth $68,000 after acquiring an additional 219 shares during the last quarter.

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.