iShares MSCI Taiwan ETF (NYSEARCA:EWT) Sees Unusually-High Trading Volume – Time to Buy?

iShares MSCI Taiwan ETF (NYSEARCA:EWTGet Free Report) shares saw unusually-high trading volume on Wednesday . Approximately 4,122,549 shares changed hands during trading, an increase of 14% from the previous session’s volume of 3,606,448 shares.The stock last traded at $53.87 and had previously closed at $54.34.

iShares MSCI Taiwan ETF Trading Down 0.3 %

The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of 13.20 and a beta of 0.96. The firm has a 50-day simple moving average of $52.81 and a two-hundred day simple moving average of $51.70.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of EWT. Friedenthal Financial acquired a new stake in shares of iShares MSCI Taiwan ETF in the second quarter valued at about $124,000. ClariVest Asset Management LLC lifted its stake in iShares MSCI Taiwan ETF by 29.9% in the 1st quarter. ClariVest Asset Management LLC now owns 2,562 shares of the exchange traded fund’s stock valued at $125,000 after buying an additional 589 shares in the last quarter. Headlands Technologies LLC purchased a new position in iShares MSCI Taiwan ETF in the 1st quarter valued at about $218,000. Connectus Wealth LLC purchased a new position in iShares MSCI Taiwan ETF in the 4th quarter valued at about $221,000. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its stake in iShares MSCI Taiwan ETF by 10.2% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,820 shares of the exchange traded fund’s stock valued at $315,000 after buying an additional 540 shares in the last quarter.

iShares MSCI Taiwan ETF Company Profile

(Get Free Report)

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.

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