Contravisory Investment Management Inc. Takes $419,000 Position in iShares MSCI Taiwan ETF (NYSEARCA:EWT)

Contravisory Investment Management Inc. bought a new stake in iShares MSCI Taiwan ETF (NYSEARCA:EWT) in the fourth quarter, Holdings Channel reports. The institutional investor bought 8,101 shares of the exchange traded fund’s stock, valued at approximately $419,000.

A number of other institutional investors and hedge funds have also made changes to their positions in EWT. Sun Life Financial Inc. increased its holdings in iShares MSCI Taiwan ETF by 21.2% in the second quarter. Sun Life Financial Inc. now owns 1,949,950 shares of the exchange traded fund’s stock valued at $105,668,000 after buying an additional 340,700 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in iShares MSCI Taiwan ETF during the 3rd quarter worth $17,778,000. CX Institutional acquired a new position in shares of iShares MSCI Taiwan ETF in the 3rd quarter valued at about $11,236,000. Principal Financial Group Inc. boosted its stake in iShares MSCI Taiwan ETF by 163.7% during the 3rd quarter. Principal Financial Group Inc. now owns 271,168 shares of the exchange traded fund’s stock valued at $14,608,000 after purchasing an additional 168,341 shares during the period. Finally, American Century Companies Inc. boosted its stake in iShares MSCI Taiwan ETF by 281.9% during the 2nd quarter. American Century Companies Inc. now owns 160,095 shares of the exchange traded fund’s stock valued at $8,676,000 after purchasing an additional 118,179 shares during the period.

iShares MSCI Taiwan ETF Trading Up 1.1 %

EWT stock opened at $51.53 on Thursday. The firm’s 50-day moving average is $53.31 and its two-hundred day moving average is $53.61. iShares MSCI Taiwan ETF has a 52 week low of $42.13 and a 52 week high of $57.69. The company has a market capitalization of $4.53 billion, a price-to-earnings ratio of 13.20 and a beta of 0.96.

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.