Kestra Advisory Services LLC Cuts Stake in iShares MSCI Japan ETF $EWJ

Kestra Advisory Services LLC cut its holdings in shares of iShares MSCI Japan ETF (NYSEARCA:EWJ) by 6.1% during the first quarter, Holdings Channel.com reports. The institutional investor owned 139,254 shares of the exchange traded fund’s stock after selling 9,044 shares during the period. Kestra Advisory Services LLC’s holdings in iShares MSCI Japan ETF were worth $11,759,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. South Shore Capital Advisors purchased a new stake in iShares MSCI Japan ETF during the 4th quarter worth about $1,067,000. Ascent Group LLC purchased a new position in shares of iShares MSCI Japan ETF in the 4th quarter valued at about $2,515,000. Walkner Condon Financial Advisors LLC boosted its stake in shares of iShares MSCI Japan ETF by 31.6% in the 4th quarter. Walkner Condon Financial Advisors LLC now owns 97,481 shares of the exchange traded fund’s stock valued at $7,871,000 after buying an additional 23,434 shares during the period. Mutual Advisors LLC acquired a new position in shares of iShares MSCI Japan ETF during the fourth quarter worth about $685,000. Finally, Purpose Unlimited Inc. acquired a new position in shares of iShares MSCI Japan ETF during the fourth quarter worth about $9,717,000. Hedge funds and other institutional investors own 64.60% of the company’s stock.

iShares MSCI Japan ETF Stock Performance

EWJ stock opened at $94.55 on Monday. The company’s 50 day moving average price is $92.65 and its 200 day moving average price is $88.59. The firm has a market capitalization of $22.52 billion, a price-to-earnings ratio of 14.63 and a beta of 0.68. iShares MSCI Japan ETF has a fifty-two week low of $71.51 and a fifty-two week high of $97.52.

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.