iShares MSCI Japan ETF $EWJ Stock: Independence Wealth Advisors LLC Boosts Holdings

Independence Wealth Advisors LLC grew its stake in shares of iShares MSCI Japan ETF (NYSEARCA:EWJ) by 126.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 30,471 shares of the exchange traded fund’s stock after purchasing an additional 17,025 shares during the quarter. iShares MSCI Japan ETF accounts for about 1.4% of Independence Wealth Advisors LLC’s holdings, making the stock its 19th biggest holding. Independence Wealth Advisors LLC’s holdings in iShares MSCI Japan ETF were worth $2,970,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its stake in iShares MSCI Japan ETF by 2.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,990,384 shares of the exchange traded fund’s stock worth $558,723,000 after purchasing an additional 128,092 shares in the last quarter. Royal Bank of Canada increased its stake in iShares MSCI Japan ETF by 98.6% during the 1st quarter. Royal Bank of Canada now owns 5,048,553 shares of the exchange traded fund’s stock valued at $426,300,000 after purchasing an additional 2,506,472 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in iShares MSCI Japan ETF by 11.1% during the 1st quarter. The Manufacturers Life Insurance Company now owns 2,034,620 shares of the exchange traded fund’s stock valued at $171,803,000 after purchasing an additional 203,875 shares in the last quarter. Bessemer Group Inc. increased its stake in iShares MSCI Japan ETF by 2,279.0% during the 1st quarter. Bessemer Group Inc. now owns 1,670,435 shares of the exchange traded fund’s stock valued at $141,051,000 after purchasing an additional 1,600,219 shares in the last quarter. Finally, Glenmede Trust Co. NA raised its holdings in shares of iShares MSCI Japan ETF by 2.3% in the first quarter. Glenmede Trust Co. NA now owns 1,428,598 shares of the exchange traded fund’s stock worth $120,631,000 after buying an additional 31,547 shares during the last quarter. 64.60% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Japan ETF Stock Performance

NYSEARCA EWJ opened at $92.91 on Monday. The company has a fifty day simple moving average of $96.54 and a two-hundred day simple moving average of $91.75. The stock has a market cap of $23.29 billion, a P/E ratio of 14.63 and a beta of 0.71. iShares MSCI Japan ETF has a 12-month low of $79.47 and a 12-month high of $99.98.

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.