iShares JPX-Nikkei 400 ETF (NYSEARCA:JPXN) Trading Up 1.8% – Still a Buy?

iShares JPX-Nikkei 400 ETF (NYSEARCA:JPXNGet Free Report) shares shot up 1.8% during mid-day trading on Friday . The stock traded as high as $104.03 and last traded at $104.03. Approximately 3,538 shares traded hands during trading, a decline of 91% from the average session volume of 37,357 shares. The stock had previously closed at $102.21.

iShares JPX-Nikkei 400 ETF Trading Up 1.8%

The stock has a 50 day simple moving average of $99.32 and a 200 day simple moving average of $96.61. The firm has a market capitalization of $140.44 million, a PE ratio of 14.59 and a beta of 0.65.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Citadel Advisors LLC bought a new stake in iShares JPX-Nikkei 400 ETF in the third quarter worth $2,746,000. Jane Street Group LLC raised its position in shares of iShares JPX-Nikkei 400 ETF by 32.8% in the 1st quarter. Jane Street Group LLC now owns 91,084 shares of the company’s stock worth $6,647,000 after purchasing an additional 22,488 shares during the last quarter. Intesa Sanpaolo Wealth Management bought a new stake in shares of iShares JPX-Nikkei 400 ETF during the fourth quarter valued at approximately $1,729,000. Beacon Pointe Advisors LLC purchased a new position in iShares JPX-Nikkei 400 ETF in the 4th quarter worth approximately $977,000. Finally, Bank of America Corp DE raised its holdings in iShares JPX-Nikkei 400 ETF by 36.0% in the 1st quarter. Bank of America Corp DE now owns 18,141 shares of the company’s stock worth $1,658,000 after acquiring an additional 4,803 shares during the last quarter.

About iShares JPX-Nikkei 400 ETF

(Get Free Report)

iShares Japan Large-Cap ETF (the Fund), formerly iShares S&P/TOPIX 150 Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P/TOPIX 150 (the Index). The Index is comprised of approximately 70% of the market value of the Japanese equity market. Components primarily include consumer discretionary, financial and industrials companies. The Fund generally invests at least 90% of its assets in securities of the Index and in depositary receipts representing securities of the Index.

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