Meridian Investment Counsel Inc. Trims Stake in iShares MSCI Taiwan ETF (NYSEARCA:EWT)

Meridian Investment Counsel Inc. lessened its holdings in iShares MSCI Taiwan ETF (NYSEARCA:EWT) by 3.5% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,736 shares of the exchange traded fund’s stock after selling 750 shares during the period. Meridian Investment Counsel Inc.’s holdings in iShares MSCI Taiwan ETF were worth $1,117,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Natixis bought a new stake in iShares MSCI Taiwan ETF during the first quarter valued at approximately $4,876,000. Comerica Bank grew its position in iShares MSCI Taiwan ETF by 20.4% in the first quarter. Comerica Bank now owns 326,407 shares of the exchange traded fund’s stock worth $15,889,000 after acquiring an additional 55,207 shares in the last quarter. SG Americas Securities LLC increased its stake in iShares MSCI Taiwan ETF by 332.2% in the second quarter. SG Americas Securities LLC now owns 109,257 shares of the exchange traded fund’s stock valued at $5,921,000 after acquiring an additional 83,976 shares during the last quarter. Friedenthal Financial purchased a new stake in iShares MSCI Taiwan ETF during the second quarter valued at about $124,000. Finally, V Square Quantitative Management LLC lifted its stake in iShares MSCI Taiwan ETF by 43.1% during the second quarter. V Square Quantitative Management LLC now owns 16,456 shares of the exchange traded fund’s stock worth $888,000 after purchasing an additional 4,956 shares during the last quarter.

iShares MSCI Taiwan ETF Trading Down 0.4 %

EWT opened at $53.32 on Friday. The stock has a market capitalization of $4.69 billion, a P/E ratio of 13.20 and a beta of 0.96. The stock has a 50-day moving average price of $54.35 and a 200-day moving average price of $53.02. iShares MSCI Taiwan ETF has a 12-month low of $42.13 and a 12-month high of $57.69.

iShares MSCI Taiwan ETF 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.