Cumberland Advisors Inc. Sells 92,420 Shares of iShares MSCI Japan ETF $EWJ

Cumberland Advisors Inc. reduced its holdings in iShares MSCI Japan ETF (NYSEARCA:EWJ) by 76.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 28,550 shares of the exchange traded fund’s stock after selling 92,420 shares during the period. iShares MSCI Japan ETF comprises approximately 1.0% of Cumberland Advisors Inc.’s portfolio, making the stock its 24th biggest holding. Cumberland Advisors Inc.’s holdings in iShares MSCI Japan ETF were worth $2,782,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Western Wealth Management LLC purchased a new stake in shares of iShares MSCI Japan ETF during the 1st quarter valued at about $27,000. GK Wealth Management LLC bought a new position in shares of iShares MSCI Japan ETF in the 3rd quarter valued at about $33,000. Darwin Wealth Management LLC bought a new position in shares of iShares MSCI Japan ETF in the 1st quarter valued at about $29,000. Go Invest LLC purchased a new position in iShares MSCI Japan ETF in the third quarter worth about $43,000. Finally, Bell Investment Advisors Inc purchased a new position in iShares MSCI Japan ETF in the third quarter worth about $46,000. 64.60% of the stock is currently owned by institutional investors.

iShares MSCI Japan ETF Price Performance

Shares of NYSEARCA EWJ opened at $92.59 on Wednesday. The business’s 50 day moving average is $96.45 and its two-hundred day moving average is $91.83. iShares MSCI Japan ETF has a 1-year low of $79.47 and a 1-year high of $99.98. The stock has a market capitalization of $23.32 billion, a P/E ratio of 14.63 and a beta of 0.76.

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.