Cumberland Advisors Inc. Trims Holdings in iShares MSCI Taiwan ETF (NYSEARCA:EWT)

Cumberland Advisors Inc. lessened its position in iShares MSCI Taiwan ETF (NYSEARCA:EWT) by 4.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,700 shares of the exchange traded fund’s stock after selling 1,760 shares during the period. iShares MSCI Taiwan ETF comprises 0.8% of Cumberland Advisors Inc.’s portfolio, making the stock its 26th largest holding. Cumberland Advisors Inc.’s holdings in iShares MSCI Taiwan ETF were worth $2,055,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of EWT. Sun Life Financial Inc. raised its holdings in iShares MSCI Taiwan ETF by 21.2% in the 2nd quarter. Sun Life Financial Inc. now owns 1,949,950 shares of the exchange traded fund’s stock valued at $105,668,000 after acquiring an additional 340,700 shares during the last quarter. Millburn Ridgefield Corp increased its stake in iShares MSCI Taiwan ETF by 0.5% in the third quarter. Millburn Ridgefield Corp now owns 1,019,176 shares of the exchange traded fund’s stock valued at $54,903,000 after purchasing an additional 5,232 shares during the last quarter. Wellington Management Group LLP lifted its position in iShares MSCI Taiwan ETF by 5.3% during the third quarter. Wellington Management Group LLP now owns 991,195 shares of the exchange traded fund’s stock worth $53,396,000 after buying an additional 49,532 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in iShares MSCI Taiwan ETF in the 3rd quarter worth about $17,778,000. Finally, Principal Financial Group Inc. grew its holdings in iShares MSCI Taiwan ETF by 163.7% in the 3rd quarter. Principal Financial Group Inc. now owns 271,168 shares of the exchange traded fund’s stock valued at $14,608,000 after buying an additional 168,341 shares during the period.

iShares MSCI Taiwan ETF Stock Down 1.1 %

Shares of EWT traded down $0.60 during mid-day trading on Wednesday, hitting $52.49. The company had a trading volume of 3,313,239 shares, compared to its average volume of 3,211,986. iShares MSCI Taiwan ETF has a 1-year low of $42.13 and a 1-year high of $57.69. The business’s 50-day simple moving average is $53.74 and its 200-day simple moving average is $53.71. The stock has a market cap of $4.61 billion, a PE ratio of 13.20 and a beta of 0.96.

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.