iShares MSCI Taiwan ETF (NYSEARCA:EWT) Sees Large Volume Increase – Here’s What Happened

iShares MSCI Taiwan ETF (NYSEARCA:EWT) shares saw strong trading volume on Tuesday . 7,895,482 shares were traded 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 Price Performance

The stock’s fifty day simple moving average is $53.48 and its 200-day simple moving average is $53.64. The stock has a market cap of $4.48 billion, a P/E ratio of 13.20 and a beta of 0.96.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC boosted its holdings in shares of iShares MSCI Taiwan ETF by 885.4% in the third 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 in the last quarter. WestEnd Advisors LLC increased its stake in iShares MSCI Taiwan ETF by 25.4% in 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 in the last quarter. Sanctuary Advisors LLC acquired a new stake in iShares MSCI Taiwan ETF during the 3rd quarter worth about $222,000. Kovitz Investment Group Partners LLC lifted its stake in iShares MSCI Taiwan ETF by 14.8% during the third 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 in the last quarter. Finally, Centiva Capital LP acquired a new position in shares of iShares MSCI Taiwan ETF in the third quarter worth about $264,000.

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.