Gruss & Co. LLC Makes New Investment in iShares MSCI Japan ETF (NYSEARCA:EWJ)

Gruss & Co. LLC acquired a new position in iShares MSCI Japan ETF (NYSEARCA:EWJ) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 11,000 shares of the exchange traded fund’s stock, valued at approximately $706,000. iShares MSCI Japan ETF accounts for approximately 5.5% of Gruss & Co. LLC’s portfolio, making the stock its 7th largest holding.

Several other hedge funds and other institutional investors have also bought and sold shares of EWJ. Concourse Financial Group Securities Inc. increased its holdings in iShares MSCI Japan ETF by 425.4% in the 3rd quarter. Concourse Financial Group Securities Inc. now owns 641 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 519 shares during the period. Indiana Trust & Investment Management CO bought a new position in iShares MSCI Japan ETF in the 3rd quarter valued at about $48,000. LFA Lugano Financial Advisors SA increased its holdings in iShares MSCI Japan ETF by 216.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 826 shares of the exchange traded fund’s stock valued at $53,000 after buying an additional 565 shares during the period. CVA Family Office LLC bought a new stake in shares of iShares MSCI Japan ETF during the 4th quarter valued at approximately $56,000. Finally, FNY Investment Advisers LLC bought a new stake in shares of iShares MSCI Japan ETF during the 4th quarter valued at approximately $57,000.

iShares MSCI Japan ETF Stock Performance

Shares of iShares MSCI Japan ETF stock traded down $1.10 during midday trading on Wednesday, hitting $69.38. 8,682,628 shares of the company traded hands, compared to its average volume of 8,933,690. The stock has a market cap of $14.80 billion, a price-to-earnings ratio of 12.76 and a beta of 0.68. The firm’s fifty day moving average price is $69.22 and its 200-day moving average price is $64.64. iShares MSCI Japan ETF has a 12 month low of $57.20 and a 12 month high of $72.07.

iShares MSCI Japan ETF Profile

iShares MSCI Japan ETF (the fund), formerly Ishares Msci Japan Index Fund, is an exchange-traded fund. The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Japanese market, as measured by the MSCI Japan Index (the Index).