iShares MSCI Taiwan ETF (NYSEARCA:EWT) Share Price Cross Below Two Hundred Day Moving Average – Here’s Why

iShares MSCI Taiwan ETF (NYSEARCA:EWTGet Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $53.03 and traded as low as $49.38. iShares MSCI Taiwan ETF shares last traded at $49.51, with a volume of 6,238,651 shares.

iShares MSCI Taiwan ETF Stock Performance

The company has a market cap of $4.62 billion, a P/E ratio of 17.72 and a beta of 0.92. The business has a 50 day moving average price of $51.60 and a two-hundred day moving average price of $53.03.

Institutional Trading of iShares MSCI Taiwan ETF

A number of institutional investors have recently made changes to their positions in EWT. Exchange Traded Concepts LLC boosted its holdings in shares of iShares MSCI Taiwan ETF by 66.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 581 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 232 shares during the period. Barclays PLC bought a new position in iShares MSCI Taiwan ETF during the 4th quarter valued at approximately $40,000. Finley Financial LLC purchased a new stake in iShares MSCI Taiwan ETF in the 4th quarter worth approximately $90,000. AlphaCentric Advisors LLC grew its position in shares of iShares MSCI Taiwan ETF by 8.7% in the 4th quarter. AlphaCentric Advisors LLC now owns 2,516 shares of the exchange traded fund’s stock worth $130,000 after buying an additional 202 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in shares of iShares MSCI Taiwan ETF during the fourth quarter valued at approximately $138,000.

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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