iShares MSCI Japan ETF (NYSEARCA:EWJ) Hits New 52-Week High – What’s Next?

iShares MSCI Japan ETF (NYSEARCA:EWJ)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $84.39 and last traded at $84.3560, with a volume of 1175201 shares changing hands. The stock had previously closed at $83.75.

iShares MSCI Japan ETF Stock Up 0.8%

The firm has a market cap of $15.73 billion, a PE ratio of 14.63 and a beta of 0.68. The firm’s fifty day simple moving average is $81.54 and its two-hundred day simple moving average is $76.95.

Institutional Investors Weigh In On iShares MSCI Japan ETF

Several institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets increased its stake in shares of iShares MSCI Japan ETF by 2,106.3% in the first quarter. BNP Paribas Financial Markets now owns 2,398,952 shares of the exchange traded fund’s stock worth $164,472,000 after acquiring an additional 2,290,221 shares during the period. Fisher Asset Management LLC boosted its stake in shares of iShares MSCI Japan ETF by 60.6% in the second quarter. Fisher Asset Management LLC now owns 2,677,275 shares of the exchange traded fund’s stock worth $200,715,000 after buying an additional 1,010,345 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in iShares MSCI Japan ETF by 3.2% during the first quarter. JPMorgan Chase & Co. now owns 26,350,410 shares of the exchange traded fund’s stock worth $1,806,584,000 after acquiring an additional 815,660 shares during the period. Johns Hopkins University purchased a new position in iShares MSCI Japan ETF during the second quarter valued at approximately $57,761,000. Finally, Victory Capital Management Inc. acquired a new position in iShares MSCI Japan ETF in the first quarter valued at approximately $35,121,000. Institutional investors own 64.60% of the company’s stock.

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).