iShares MSCI Japan ETF (NYSEARCA:EWJ) Sets New 12-Month High – Here’s Why

iShares MSCI Japan ETF (NYSEARCA:EWJGet Free Report)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $85.28 and last traded at $85.2650, with a volume of 26357 shares trading hands. The stock had previously closed at $84.00.

iShares MSCI Japan ETF Trading Up 1.2%

The firm’s 50 day moving average price is $82.54 and its 200-day moving average price is $78.62. The company has a market cap of $15.83 billion, a P/E ratio of 14.63 and a beta of 0.68.

Institutional Investors Weigh In On iShares MSCI Japan ETF

Institutional investors have recently made changes to their positions in the stock. Saranac Partners Ltd bought a new position in iShares MSCI Japan ETF during the third quarter worth about $135,000. IFP Advisors Inc increased its position in shares of iShares MSCI Japan ETF by 1,100.4% in the 3rd quarter. IFP Advisors Inc now owns 76,828 shares of the exchange traded fund’s stock valued at $6,162,000 after buying an additional 70,428 shares in the last quarter. BlueCrest Capital Management Ltd acquired a new stake in iShares MSCI Japan ETF during the 3rd quarter worth $5,050,000. CIBC Private Wealth Group LLC grew its stake in iShares MSCI Japan ETF by 31.7% in the third quarter. CIBC Private Wealth Group LLC now owns 7,418 shares of the exchange traded fund’s stock valued at $595,000 after acquiring an additional 1,787 shares during the period. Finally, CIBC Bancorp USA Inc. acquired a new position in shares of iShares MSCI Japan ETF in the 3rd quarter valued at approximately $595,000. 64.60% of the stock is owned by institutional investors and hedge funds.

About iShares MSCI Japan ETF

(Get Free Report)

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).

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