iShares MSCI Japan ETF $EWJ Position Reduced by NewEdge Advisors LLC

NewEdge Advisors LLC trimmed its position in iShares MSCI Japan ETF (NYSEARCA:EWJ) by 83.2% in the first quarter, HoldingsChannel.com reports. The firm owned 7,777 shares of the exchange traded fund’s stock after selling 38,450 shares during the quarter. NewEdge Advisors LLC’s holdings in iShares MSCI Japan ETF were worth $657,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its position in shares of 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 period. Bessemer Group Inc. lifted its holdings 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 valued at $141,051,000 after buying an additional 1,600,219 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of 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 period. Quadrature Capital Ltd boosted its stake in iShares MSCI Japan ETF by 1,593.2% during the fourth quarter. Quadrature Capital Ltd now owns 992,110 shares of the exchange traded fund’s stock valued at $80,103,000 after buying an additional 933,517 shares in the last quarter. Finally, National Bank of Canada FI bought a new position in iShares MSCI Japan ETF during the third quarter valued at about $50,155,000. 64.60% of the stock is owned by institutional investors.

iShares MSCI Japan ETF Price Performance

NYSEARCA:EWJ opened at $92.39 on Monday. The business’s 50-day moving average price is $92.80 and its 200 day moving average price is $89.61. The firm has a market cap of $21.84 billion, a P/E ratio of 14.63 and a beta of 0.68. iShares MSCI Japan ETF has a 52-week low of $73.34 and a 52-week high of $97.52.

iShares MSCI Japan ETF Profile

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.