iShares MSCI Japan ETF (NYSEARCA:EWJ – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $98.17 and last traded at $98.03, with a volume of 135552 shares. The stock had previously closed at $96.28.
iShares MSCI Japan ETF Trading Up 2.0%
The business’s 50-day simple moving average is $93.16 and its 200 day simple moving average is $90.12. The firm has a market cap of $23.25 billion, a PE ratio of 14.63 and a beta of 0.68.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the company. Royal Bank of Canada grew its stake in iShares MSCI Japan ETF by 98.6% during the 1st quarter. Royal Bank of Canada now owns 5,048,553 shares of the exchange traded fund’s stock valued at $426,300,000 after purchasing an additional 2,506,472 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of iShares MSCI Japan ETF by 2,279.0% during the first quarter. Bessemer Group Inc. now owns 1,670,435 shares of the exchange traded fund’s stock worth $141,051,000 after purchasing an additional 1,600,219 shares during the period. The Manufacturers Life Insurance Company boosted its position in iShares MSCI Japan ETF by 511.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,830,745 shares of the exchange traded fund’s stock valued at $147,814,000 after buying an additional 1,531,363 shares during the last quarter. Quadrature Capital Ltd boosted its holdings in shares of iShares MSCI Japan ETF by 1,593.2% in the 4th quarter. Quadrature Capital Ltd now owns 992,110 shares of the exchange traded fund’s stock valued at $80,103,000 after acquiring an additional 933,517 shares during the last quarter. Finally, National Bank of Canada FI purchased a new stake in iShares MSCI Japan ETF in the third quarter valued at $50,155,000. Hedge funds and other 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). 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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