iShares JPX-Nikkei 400 ETF (NYSEARCA:JPXN) Shares Down 2.4% – Here’s What Happened

iShares JPX-Nikkei 400 ETF (NYSEARCA:JPXN) fell 2.4% on Friday . The company traded as low as $68.85 and last traded at $68.87. 7,756 shares were traded during trading, a decline of 35% from the average session volume of 11,909 shares. The stock had previously closed at $70.53.

iShares JPX-Nikkei 400 ETF Price Performance

The firm’s fifty day moving average is $72.31 and its two-hundred day moving average is $73.52. The firm has a market cap of $82.64 million, a price-to-earnings ratio of 12.89 and a beta of 0.71.

Institutional Investors Weigh In On iShares JPX-Nikkei 400 ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Flow Traders U.S. LLC boosted its stake in iShares JPX-Nikkei 400 ETF by 331.9% during the 3rd quarter. Flow Traders U.S. LLC now owns 62,299 shares of the company’s stock valued at $4,769,000 after purchasing an additional 47,875 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of iShares JPX-Nikkei 400 ETF by 293.8% in the third quarter. Jane Street Group LLC now owns 48,360 shares of the company’s stock valued at $3,702,000 after buying an additional 36,079 shares during the period. Finally, Sunbelt Securities Inc. bought a new position in iShares JPX-Nikkei 400 ETF during the third quarter valued at about $278,000.

iShares JPX-Nikkei 400 ETF Company Profile

iShares Japan Large-Cap ETF (the Fund), formerly iShares S&P/TOPIX 150 Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P/TOPIX 150 (the Index). The Index is comprised of approximately 70% of the market value of the Japanese equity market.