iShares MSCI Japan ETF (NYSEARCA:EWJ) Sets New 1-Year High – Here’s What Happened

iShares MSCI Japan ETF (NYSEARCA:EWJ)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $94.87 and last traded at $94.80, with a volume of 506043 shares trading hands. The stock had previously closed at $94.06.

iShares MSCI Japan ETF Stock Performance

The stock has a 50 day moving average price of $90.35 and a 200 day moving average price of $87.07. The company has a market capitalization of $22.23 billion, a P/E ratio of 14.63 and a beta of 0.68.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. South Shore Capital Advisors bought a new position in shares of iShares MSCI Japan ETF during the fourth quarter valued at approximately $1,067,000. Blair William & Co. IL boosted its holdings in iShares MSCI Japan ETF by 66.9% in the third quarter. Blair William & Co. IL now owns 52,686 shares of the exchange traded fund’s stock valued at $4,226,000 after acquiring an additional 21,124 shares in the last quarter. Syon Capital LLC boosted its holdings in iShares MSCI Japan ETF by 24.6% in the third quarter. Syon Capital LLC now owns 56,683 shares of the exchange traded fund’s stock valued at $4,547,000 after acquiring an additional 11,175 shares in the last quarter. Ascent Group LLC purchased a new position in iShares MSCI Japan ETF during the 4th quarter valued at $2,515,000. Finally, Metis Global Partners LLC bought a new position in iShares MSCI Japan ETF in the 4th quarter worth $20,513,000. 64.60% of the stock is currently owned by hedge funds and other institutional investors.

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.