iShares MSCI Taiwan ETF (NYSEARCA:EWT) Sees Large Volume Increase – Should You Buy?

iShares MSCI Taiwan ETF (NYSEARCA:EWT) saw an uptick in trading volume on Friday . 2,414,493 shares changed hands during trading, a decline of 27% from the previous session’s volume of 3,317,445 shares.The stock last traded at $45.33 and had previously closed at $43.32.

iShares MSCI Taiwan ETF Trading Up 5.3 %

The firm has a market cap of $4.20 billion, a P/E ratio of 16.73 and a beta of 0.92. The firm has a 50-day simple moving average of $49.71 and a 200-day simple moving average of $52.30.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. State of Tennessee Department of Treasury increased its holdings in shares of iShares MSCI Taiwan ETF by 1.5% in the fourth quarter. State of Tennessee Department of Treasury now owns 15,630,420 shares of the exchange traded fund’s stock valued at $809,031,000 after purchasing an additional 234,237 shares during the period. Sun Life Financial Inc. grew its position in shares of iShares MSCI Taiwan ETF by 5.6% in the fourth quarter. Sun Life Financial Inc. now owns 2,024,250 shares of the exchange traded fund’s stock valued at $104,775,000 after purchasing an additional 108,100 shares during the period. Jefferies Financial Group Inc. increased its stake in iShares MSCI Taiwan ETF by 36.2% during the 4th quarter. Jefferies Financial Group Inc. now owns 1,702,303 shares of the exchange traded fund’s stock worth $88,921,000 after buying an additional 452,303 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in iShares MSCI Taiwan ETF by 21.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,492,767 shares of the exchange traded fund’s stock valued at $77,266,000 after purchasing an additional 268,617 shares during the last quarter. Finally, Millburn Ridgefield Corp boosted its position in iShares MSCI Taiwan ETF by 13.2% during the fourth quarter. Millburn Ridgefield Corp now owns 1,153,924 shares of the exchange traded fund’s stock worth $59,727,000 after acquiring an additional 134,748 shares during the last quarter.

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.