iShares MSCI Japan ETF (NYSEARCA:EWJ) Reaches New 52-Week High – Here’s What Happened

iShares MSCI Japan ETF (NYSEARCA:EWJ) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $91.48 and last traded at $91.29, with a volume of 9865646 shares trading hands. The stock had previously closed at $89.40.

iShares MSCI Japan ETF Stock Performance

The firm has a fifty day simple moving average of $84.36 and a 200 day simple moving average of $81.88. The company has a market capitalization of $18.22 billion, a PE ratio of 14.63 and a beta of 0.68.

Institutional Trading of iShares MSCI Japan ETF

A number of hedge funds have recently added to or reduced their stakes in EWJ. D.A. Davidson & CO. bought a new position in shares of iShares MSCI Japan ETF in the 3rd quarter worth $1,096,000. Angeles Investment Advisors LLC bought a new stake in iShares MSCI Japan ETF during the third quarter valued at about $29,918,000. Bfsg LLC purchased a new position in iShares MSCI Japan ETF in the third quarter valued at about $5,704,000. Global Retirement Partners LLC bought a new position in iShares MSCI Japan ETF in the second quarter worth about $516,000. Finally, ABC Arbitrage SA raised its holdings in iShares MSCI Japan ETF by 12.5% in the second quarter. ABC Arbitrage SA now owns 36,066 shares of the exchange traded fund’s stock worth $2,704,000 after purchasing an additional 4,017 shares in the last quarter. 64.60% of the stock is owned by hedge funds and other institutional investors.

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.