IFP Advisors Inc Cuts Position in iShares MSCI Japan ETF $EWJ

IFP Advisors Inc lessened its holdings in iShares MSCI Japan ETF (NYSEARCA:EWJ) by 78.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,849 shares of the exchange traded fund’s stock after selling 59,976 shares during the period. IFP Advisors Inc’s holdings in iShares MSCI Japan ETF were worth $1,360,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. TPG Financial Advisors LLC purchased a new position in shares of iShares MSCI Japan ETF in the 4th quarter worth approximately $234,000. PNC Financial Services Group Inc. boosted its stake in shares of iShares MSCI Japan ETF by 2.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 236,751 shares of the exchange traded fund’s stock worth $19,115,000 after buying an additional 5,273 shares during the last quarter. Csenge Advisory Group purchased a new position in shares of iShares MSCI Japan ETF in the 4th quarter worth approximately $1,327,000. Envestnet Portfolio Solutions Inc. boosted its stake in shares of iShares MSCI Japan ETF by 223.5% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 32,468 shares of the exchange traded fund’s stock worth $2,621,000 after buying an additional 22,431 shares during the last quarter. Finally, Elyxium Wealth LLC purchased a new position in shares of iShares MSCI Japan ETF in the 4th quarter worth approximately $125,000. Hedge funds and other institutional investors own 64.60% of the company’s stock.

iShares MSCI Japan ETF Stock Up 0.3%

Shares of NYSEARCA EWJ opened at $91.61 on Friday. iShares MSCI Japan ETF has a twelve month low of $71.09 and a twelve month high of $94.28. The stock’s 50 day moving average price is $87.58 and its 200-day moving average price is $85.93. The company has a market capitalization of $21.48 billion, a PE ratio of 14.63 and a beta of 0.68.

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.