IFP Advisors Inc Reduces Stock Holdings in iShares MSCI Japan ETF $EWJ

IFP Advisors Inc decreased its position in iShares MSCI Japan ETF (NYSEARCA:EWJ) by 78.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,849 shares of the exchange traded fund’s stock after selling 59,976 shares during the period. IFP Advisors Inc’s holdings in iShares MSCI Japan ETF were worth $1,360,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of EWJ. Hantz Financial Services Inc. bought a new stake in iShares MSCI Japan ETF during the 3rd quarter valued at $26,000. Game Plan Financial Advisors LLC bought a new stake in iShares MSCI Japan ETF during the 4th quarter valued at $26,000. JPL Wealth Management LLC bought a new stake in iShares MSCI Japan ETF during the 3rd quarter valued at $26,000. Geneos Wealth Management Inc. bought a new stake in iShares MSCI Japan ETF during the 4th quarter valued at $29,000. Finally, Blue Trust Inc. bought a new stake in iShares MSCI Japan ETF during the 4th quarter valued at $30,000. Hedge funds and other institutional investors own 64.60% of the company’s stock.

iShares MSCI Japan ETF Price Performance

Shares of EWJ stock opened at $91.61 on Friday. The company’s fifty day simple moving average is $87.58 and its two-hundred day simple moving average is $85.93. iShares MSCI Japan ETF has a 1 year low of $71.09 and a 1 year high of $94.28. The stock has a market capitalization of $21.48 billion, a price-to-earnings ratio of 14.63 and a beta of 0.68.

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.