iShares MSCI Taiwan ETF (NYSEARCA:EWT) Shares Gap Down – Here’s Why

by · The Markets Daily

iShares MSCI Taiwan ETF (NYSEARCA:EWT – Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $64.11, but opened at $61.11. iShares MSCI Taiwan ETF shares last traded at $61.1450, with a volume of 1,056,114 shares changing hands.

iShares MSCI Taiwan ETF Stock Down 4.6%

The stock’s 50-day moving average is $64.84 and its 200 day moving average is $61.21. The stock has a market capitalization of $6.38 billion, a PE ratio of 17.58 and a beta of 0.94.

Institutional Trading of iShares MSCI Taiwan ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. New Vernon Capital Holdings II LLC raised its stake in shares of iShares MSCI Taiwan ETF by 3,512.4% in the 1st quarter. New Vernon Capital Holdings II LLC now owns 5,216,485 shares of the exchange traded fund’s stock valued at $247,679,000 after buying an additional 5,072,082 shares in the last quarter. Northern Trust Corp raised its holdings in shares of iShares MSCI Taiwan ETF by 6.8% in the first quarter. Northern Trust Corp now owns 2,964,375 shares of the exchange traded fund’s stock valued at $140,749,000 after buying an additional 188,203 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of iShares MSCI Taiwan ETF by 393.4% during the second quarter. BNP Paribas Financial Markets now owns 2,085,693 shares of the exchange traded fund’s stock worth $119,719,000 after purchasing an additional 1,662,985 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in iShares MSCI Taiwan ETF by 2,378.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,905,456 shares of the exchange traded fund’s stock valued at $109,373,000 after buying an additional 1,828,566 shares during the last quarter. Finally, Schroder Investment Management Group boosted its holdings in iShares MSCI Taiwan ETF by 4,066.3% in the second quarter. Schroder Investment Management Group now owns 1,677,273 shares of the exchange traded fund’s stock valued at $97,030,000 after acquiring an additional 1,637,015 shares during the last quarter.

About iShares MSCI Taiwan ETF

(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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