iShares MSCI Japan ETF $EWJ Shares Sold by Raab & Moskowitz Asset Management LLC

Raab & Moskowitz Asset Management LLC reduced its stake in iShares MSCI Japan ETF (NYSEARCA:EWJ) by 64.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,643 shares of the exchange traded fund’s stock after selling 11,865 shares during the period. Raab & Moskowitz Asset Management LLC’s holdings in iShares MSCI Japan ETF were worth $561,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in EWJ. Royal Bank of Canada raised its stake in shares of iShares MSCI Japan ETF by 98.6% during the first 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. grew its position in shares of iShares MSCI Japan ETF by 2,279.0% during the first quarter. Bessemer Group Inc. now owns 1,670,435 shares of the exchange traded fund’s stock worth $141,051,000 after buying an additional 1,600,219 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of iShares MSCI Japan ETF by 511.5% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,830,745 shares of the exchange traded fund’s stock worth $147,814,000 after purchasing an additional 1,531,363 shares during the last quarter. Quadrature Capital Ltd lifted 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 worth $80,103,000 after purchasing an additional 933,517 shares during the last quarter. Finally, National Bank of Canada FI bought a new position in iShares MSCI Japan ETF during the third quarter worth $50,155,000. 64.60% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Japan ETF Stock Down 1.0%

EWJ opened at $92.39 on Friday. The firm has a market cap of $21.84 billion, a price-to-earnings ratio of 14.63 and a beta of 0.68. The company’s 50-day moving average price is $92.80 and its 200 day moving average price is $89.58. iShares MSCI Japan ETF has a fifty-two week low of $73.34 and a fifty-two week high of $97.52.

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.