iShares MSCI Taiwan ETF (NYSEARCA:EWT) Sees Strong Trading Volume – Here’s Why

iShares MSCI Taiwan ETF (NYSEARCA:EWT) shares saw strong trading volume on Tuesday . 7,895,482 shares traded hands during trading, an increase of 109% from the previous session’s volume of 3,786,240 shares.The stock last traded at $50.81 and had previously closed at $50.27.

iShares MSCI Taiwan ETF Stock Up 0.9 %

The company has a market capitalization of $4.57 billion, a PE ratio of 13.20 and a beta of 0.96. The business has a 50 day simple moving average of $53.22 and a 200 day simple moving average of $53.59.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC lifted its stake in iShares MSCI Taiwan ETF by 885.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 946 shares of the exchange traded fund’s stock valued at $51,000 after acquiring an additional 850 shares during the period. WestEnd Advisors LLC grew its position in iShares MSCI Taiwan ETF by 25.4% during the 3rd quarter. WestEnd Advisors LLC now owns 1,147 shares of the exchange traded fund’s stock worth $62,000 after purchasing an additional 232 shares during the period. Merit Financial Group LLC acquired a new stake in iShares MSCI Taiwan ETF during the 4th quarter worth about $219,000. Sanctuary Advisors LLC purchased a new position in shares of iShares MSCI Taiwan ETF during the 3rd quarter valued at about $222,000. Finally, Kovitz Investment Group Partners LLC lifted its holdings in shares of iShares MSCI Taiwan ETF by 14.8% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 4,729 shares of the exchange traded fund’s stock valued at $255,000 after buying an additional 609 shares during the period.

About iShares MSCI Taiwan ETF

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.