iShares JPX-Nikkei 400 ETF (NYSEARCA:JPXN – Get Free Report)’s share price fell 0.4% on Thursday. The company traded as low as $102.81 and last traded at $103.05. 1,624 shares were traded during mid-day trading, a decline of 95% from the average session volume of 30,560 shares. The stock had previously closed at $103.42.
iShares JPX-Nikkei 400 ETF Stock Performance
The firm’s 50-day simple moving average is $102.69 and its 200-day simple moving average is $98.92. The company has a market capitalization of $141.51 million, a price-to-earnings ratio of 14.59 and a beta of 0.67.
Institutional Investors Weigh In On iShares JPX-Nikkei 400 ETF
A number of institutional investors have recently added to or reduced their stakes in JPXN. Bank of America Corp DE increased its stake in iShares JPX-Nikkei 400 ETF by 36.0% during the first quarter. Bank of America Corp DE now owns 18,141 shares of the company’s stock valued at $1,658,000 after acquiring an additional 4,803 shares during the period. Royal Bank of Canada lifted its position in shares of iShares JPX-Nikkei 400 ETF by 20.6% in the 1st quarter. Royal Bank of Canada now owns 877 shares of the company’s stock worth $80,000 after acquiring an additional 150 shares during the period. Ferguson Wellman Capital Management Inc. bought a new stake in shares of iShares JPX-Nikkei 400 ETF in the 1st quarter worth approximately $254,000. Finally, Ifrah Financial Services Inc. acquired a new stake in shares of iShares JPX-Nikkei 400 ETF during the 1st quarter worth approximately $204,000.
About iShares JPX-Nikkei 400 ETF
iShares Japan Large-Cap ETF (the Fund), formerly iShares S&P/TOPIX 150 Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P/TOPIX 150 (the Index). The Index is comprised of approximately 70% of the market value of the Japanese equity market. Components primarily include consumer discretionary, financial and industrials companies. The Fund generally invests at least 90% of its assets in securities of the Index and in depositary receipts representing securities of the Index.
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