Spinnaker Trust Sells 1,771 Shares of iShares MSCI Taiwan ETF (NYSEARCA:EWT)

Spinnaker Trust lessened its position in iShares MSCI Taiwan ETF (NYSEARCA:EWT) by 0.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 197,611 shares of the exchange traded fund’s stock after selling 1,771 shares during the quarter. Spinnaker Trust owned approximately 0.22% of iShares MSCI Taiwan ETF worth $10,645,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. V Square Quantitative Management LLC boosted its holdings in shares of iShares MSCI Taiwan ETF by 43.1% during the 2nd quarter. V Square Quantitative Management LLC now owns 16,456 shares of the exchange traded fund’s stock valued at $888,000 after acquiring an additional 4,956 shares during the last quarter. SG Americas Securities LLC purchased a new stake in iShares MSCI Taiwan ETF during the 1st quarter valued at $1,231,000. Principal Financial Group Inc. bought a new position in shares of iShares MSCI Taiwan ETF during the 2nd quarter valued at $5,572,000. Prudential PLC bought a new stake in shares of iShares MSCI Taiwan ETF in the second quarter worth $871,000. Finally, EverSource Wealth Advisors LLC purchased a new position in iShares MSCI Taiwan ETF in the second quarter worth about $395,000.

iShares MSCI Taiwan ETF Stock Down 2.2 %

Shares of iShares MSCI Taiwan ETF stock traded down $1.24 during trading hours on Wednesday, reaching $54.70. 863,642 shares of the stock traded hands, compared to its average volume of 3,525,891. The company has a 50 day moving average price of $54.07 and a 200 day moving average price of $52.70. iShares MSCI Taiwan ETF has a one year low of $42.13 and a one year high of $57.69. The firm has a market capitalization of $4.81 billion, a price-to-earnings 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.