iShares MSCI Japan Value ETF (NASDAQ:EWJV) Sets New 1-Year High – Here’s Why

iShares MSCI Japan Value ETF (NASDAQ:EWJV) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $46.00 and last traded at $45.92, with a volume of 334257 shares changing hands. The stock had previously closed at $45.32.

iShares MSCI Japan Value ETF Price Performance

The stock has a market capitalization of $642.88 million, a price-to-earnings ratio of 10.93 and a beta of 0.49. The company’s 50-day simple moving average is $41.26 and its 200-day simple moving average is $39.59.

iShares MSCI Japan Value ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were issued a dividend of $1.7492 per share. This represents a yield of 882.0%. The ex-dividend date of this dividend was Tuesday, December 16th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its holdings in shares of iShares MSCI Japan Value ETF by 115.6% during the second quarter. Bank of America Corp DE now owns 802,802 shares of the company’s stock worth $27,897,000 after buying an additional 430,398 shares in the last quarter. Guardian Partners Inc. increased its position in iShares MSCI Japan Value ETF by 933.4% during the third quarter. Guardian Partners Inc. now owns 427,575 shares of the company’s stock worth $16,576,000 after acquiring an additional 386,199 shares during the period. Flow Traders U.S. LLC raised its stake in iShares MSCI Japan Value ETF by 204.8% in the 2nd quarter. Flow Traders U.S. LLC now owns 323,709 shares of the company’s stock worth $11,249,000 after purchasing an additional 217,502 shares in the last quarter. Jane Street Group LLC boosted its holdings in iShares MSCI Japan Value ETF by 121.5% in the 1st quarter. Jane Street Group LLC now owns 159,833 shares of the company’s stock valued at $5,318,000 after purchasing an additional 87,663 shares during the period. Finally, Optiver Holding B.V. acquired a new position in shares of iShares MSCI Japan Value ETF during the 3rd quarter worth approximately $1,473,000.

About iShares MSCI Japan Value ETF

The iShares MSCI Japan Value ETF (EWJV) is an exchange-traded fund that is based on the MSCI Japan Value index. The fund tracks a multi-factor-selected, market cap-weighted portfolio of Japanese equities. EWJV was launched on Mar 5, 2019 and is managed by BlackRock.