iShares MSCI Japan ETF (NYSEARCA:EWJ) Hits New 12-Month High – Should You Buy?

iShares MSCI Japan ETF (NYSEARCA:EWJ)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $98.81 and last traded at $98.44, with a volume of 1027549 shares changing hands. The stock had previously closed at $97.96.

iShares MSCI Japan ETF Trading Up 0.3%

The stock has a market cap of $23.53 billion, a price-to-earnings ratio of 14.63 and a beta of 0.69. The stock’s 50 day moving average is $95.13 and its two-hundred day moving average is $91.61.

Institutional Trading of iShares MSCI Japan ETF

A number of institutional investors have recently modified their holdings of EWJ. Fifth Third Bancorp grew its position in shares of iShares MSCI Japan ETF by 612,227.5% during the 1st quarter. Fifth Third Bancorp now owns 244,931 shares of the exchange traded fund’s stock worth $20,682,000 after buying an additional 244,891 shares during the period. Lifeworks Advisors LLC lifted its holdings in iShares MSCI Japan ETF by 34.5% in the first quarter. Lifeworks Advisors LLC now owns 31,367 shares of the exchange traded fund’s stock valued at $2,649,000 after buying an additional 8,048 shares during the period. Purpose Unlimited Inc. bought a new position in iShares MSCI Japan ETF in the fourth quarter valued at approximately $9,717,000. Concurrent Investment Advisors LLC grew its holdings in iShares MSCI Japan ETF by 1,048.8% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 101,087 shares of the exchange traded fund’s stock worth $9,428,000 after acquiring an additional 92,288 shares during the period. Finally, Parallel Advisors LLC raised its position in shares of iShares MSCI Japan ETF by 72.4% during the 4th quarter. Parallel Advisors LLC now owns 13,850 shares of the exchange traded fund’s stock valued at $1,118,000 after acquiring an additional 5,817 shares during the last quarter. 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.