Cumberland Advisors Inc. lowered its stake in iShares MSCI Japan ETF (NYSEARCA:EWJ – Free Report) by 76.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,550 shares of the exchange traded fund’s stock after selling 92,420 shares during the quarter. iShares MSCI Japan ETF comprises approximately 1.0% of Cumberland Advisors Inc.’s holdings, making the stock its 24th largest holding. Cumberland Advisors Inc.’s holdings in iShares MSCI Japan ETF were worth $2,782,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently made changes to their positions in EWJ. Royal Bank of Canada increased its holdings in shares of iShares MSCI Japan ETF by 98.6% in the first quarter. Royal Bank of Canada now owns 5,048,553 shares of the exchange traded fund’s stock worth $426,300,000 after purchasing an additional 2,506,472 shares during the last quarter. Bessemer Group Inc. lifted its position in shares of iShares MSCI Japan ETF by 2,279.0% in the first quarter. Bessemer Group Inc. now owns 1,670,435 shares of the exchange traded fund’s stock worth $141,051,000 after buying an additional 1,600,219 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new position in iShares MSCI Japan ETF during the first quarter valued at approximately $38,222,000. Lido Advisors LLC boosted its stake in iShares MSCI Japan ETF by 142.9% during the first quarter. Lido Advisors LLC now owns 556,904 shares of the exchange traded fund’s stock valued at $47,025,000 after buying an additional 327,597 shares during the last quarter. Finally, Vontobel Holding Ltd. bought a new position in iShares MSCI Japan ETF during the third quarter valued at approximately $25,696,000. Hedge funds and other institutional investors own 64.60% of the company’s stock.
iShares MSCI Japan ETF Price Performance
NYSEARCA EWJ opened at $92.59 on Wednesday. The stock has a market capitalization of $23.32 billion, a PE ratio of 14.63 and a beta of 0.76. The business has a 50 day simple moving average of $96.45 and a two-hundred day simple moving average of $91.83. iShares MSCI Japan ETF has a 1-year low of $79.47 and a 1-year high of $99.98.
About iShares MSCI Japan ETF
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). The Index consists of stocks traded primarily on the Tokyo Stock Exchange. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.
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