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

iShares MSCI Taiwan ETF (NYSEARCA:EWT) saw unusually-high trading volume on Monday . Approximately 1,354,244 shares traded hands during trading, a decline of 12% from the previous session’s volume of 1,532,902 shares.The stock last traded at $53.76 and had previously closed at $52.23.

iShares MSCI Taiwan ETF Trading Up 3.0 %

The stock has a market capitalization of $4.73 billion, a price-to-earnings ratio of 13.20 and a beta of 0.96. The business has a 50 day simple moving average of $53.81 and a 200-day simple moving average of $53.73.

Hedge Funds Weigh In On iShares MSCI Taiwan ETF

A number of large investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC lifted its stake in shares of iShares MSCI Taiwan ETF by 885.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 946 shares of the exchange traded fund’s stock valued at $51,000 after purchasing an additional 850 shares in the last quarter. WestEnd Advisors LLC lifted its position in iShares MSCI Taiwan ETF by 25.4% during the third quarter. WestEnd Advisors LLC now owns 1,147 shares of the exchange traded fund’s stock valued at $62,000 after buying an additional 232 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in iShares MSCI Taiwan ETF during the third quarter worth approximately $222,000. Kovitz Investment Group Partners LLC increased its position in shares of iShares MSCI Taiwan ETF by 14.8% in the third quarter. Kovitz Investment Group Partners LLC now owns 4,729 shares of the exchange traded fund’s stock worth $255,000 after acquiring an additional 609 shares in the last quarter. Finally, Centiva Capital LP purchased a new position in shares of iShares MSCI Taiwan ETF in the 3rd quarter valued at $264,000.

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.