Miller Investment Management LP Decreases Stake in iShares MSCI Japan ETF $EWJ

Miller Investment Management LP lessened its stake in shares of iShares MSCI Japan ETF (NYSEARCA:EWJ) by 5.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 345,720 shares of the exchange traded fund’s stock after selling 20,822 shares during the quarter. iShares MSCI Japan ETF makes up 2.7% of Miller Investment Management LP’s holdings, making the stock its 10th biggest holding. Miller Investment Management LP owned approximately 0.18% of iShares MSCI Japan ETF worth $27,913,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Game Plan Financial Advisors LLC bought a new stake in shares of iShares MSCI Japan ETF during the fourth quarter worth $26,000. JPL Wealth Management LLC acquired a new position in shares of iShares MSCI Japan ETF during the third quarter worth $26,000. Hantz Financial Services Inc. acquired a new position in shares of iShares MSCI Japan ETF during the third quarter worth $26,000. Geneos Wealth Management Inc. acquired a new position in shares of iShares MSCI Japan ETF during the fourth quarter worth $29,000. Finally, Blue Trust Inc. acquired a new position in shares of iShares MSCI Japan ETF during the fourth quarter worth $30,000. Institutional investors own 64.60% of the company’s stock.

iShares MSCI Japan ETF Stock Performance

Shares of NYSEARCA:EWJ opened at $89.29 on Thursday. The firm has a market cap of $20.93 billion, a PE ratio of 14.63 and a beta of 0.68. The firm’s fifty day moving average is $89.89 and its 200-day moving average is $86.83. iShares MSCI Japan ETF has a 52 week low of $71.09 and a 52 week high of $94.28.

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.