iShares MSCI Taiwan ETF (NYSEARCA:EWT) Stock Pass Below 200-Day Moving Average – Time to Sell?

iShares MSCI Taiwan ETF (NYSEARCA:EWT) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $53.03 and traded as low as $49.38. iShares MSCI Taiwan ETF shares last traded at $49.51, with a volume of 6,238,651 shares changing hands.

iShares MSCI Taiwan ETF Price Performance

The company has a fifty day moving average price of $51.60 and a 200 day moving average price of $53.03. The company has a market cap of $4.62 billion, a PE ratio of 17.72 and a beta of 0.92.

Hedge Funds Weigh In On iShares MSCI Taiwan ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of EWT. Mariner LLC boosted its holdings in shares of iShares MSCI Taiwan ETF by 4.1% in the 4th quarter. Mariner LLC now owns 4,946 shares of the exchange traded fund’s stock worth $256,000 after purchasing an additional 194 shares in the last quarter. AlphaCentric Advisors LLC boosted its stake in iShares MSCI Taiwan ETF by 8.7% in the fourth quarter. AlphaCentric Advisors LLC now owns 2,516 shares of the exchange traded fund’s stock worth $130,000 after buying an additional 202 shares in the last quarter. Exchange Traded Concepts LLC grew its position in iShares MSCI Taiwan ETF by 66.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 581 shares of the exchange traded fund’s stock valued at $30,000 after acquiring an additional 232 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its stake in shares of iShares MSCI Taiwan ETF by 1.1% during the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 23,563 shares of the exchange traded fund’s stock worth $1,220,000 after acquiring an additional 255 shares in the last quarter. Finally, Boltwood Capital Management lifted its holdings in shares of iShares MSCI Taiwan ETF by 4.1% in the 4th quarter. Boltwood Capital Management now owns 7,050 shares of the exchange traded fund’s stock worth $365,000 after acquiring an additional 275 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.