iShares MSCI Japan ETF (NYSEARCA:EWJ) Hits New 1-Year High – Here’s What Happened

iShares MSCI Japan ETF (NYSEARCA:EWJ) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $98.81 and last traded at $98.44, with a volume of 1027549 shares traded. The stock had previously closed at $97.96.

iShares MSCI Japan ETF Stock Performance

The firm has a market capitalization of $23.53 billion, a price-to-earnings ratio of 14.63 and a beta of 0.69. The business’s 50-day moving average is $95.13 and its two-hundred day moving average is $91.61.

Hedge Funds Weigh In On iShares MSCI Japan ETF

A number of large investors have recently added to or reduced their stakes in the company. IPG Investment Advisors LLC raised its holdings in iShares MSCI Japan ETF by 3.8% during the second quarter. IPG Investment Advisors LLC now owns 52,475 shares of the exchange traded fund’s stock worth $4,894,000 after acquiring an additional 1,930 shares in the last quarter. Archford Capital Strategies LLC increased its position in shares of iShares MSCI Japan ETF by 0.6% during the 2nd quarter. Archford Capital Strategies LLC now owns 53,262 shares of the exchange traded fund’s stock worth $4,968,000 after purchasing an additional 299 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of iShares MSCI Japan ETF by 14.3% during the 2nd quarter. NewEdge Advisors LLC now owns 10,595 shares of the exchange traded fund’s stock worth $988,000 after purchasing an additional 1,325 shares in the last quarter. Ehrenkranz Partners L.P. boosted its holdings in shares of iShares MSCI Japan ETF by 46.6% in the 2nd quarter. Ehrenkranz Partners L.P. now owns 438,633 shares of the exchange traded fund’s stock valued at $40,911,000 after buying an additional 139,366 shares during the last quarter. Finally, IFP Advisors Inc grew its stake in shares of iShares MSCI Japan ETF by 2.2% in the second quarter. IFP Advisors Inc now owns 26,009 shares of the exchange traded fund’s stock valued at $2,426,000 after buying an additional 550 shares in the last quarter. Institutional investors own 64.60% of the company’s stock.

iShares MSCI Japan ETF Company 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.