iShares MSCI Japan Value ETF (NASDAQ:EWJV) Reaches New 1-Year High – What’s Next?

iShares MSCI Japan Value ETF (NASDAQ:EWJV)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $40.12 and last traded at $40.0550, with a volume of 6175 shares traded. The stock had previously closed at $39.78.

iShares MSCI Japan Value ETF Stock Up 1.6%

The stock has a market cap of $524.03 million, a price-to-earnings ratio of 10.93 and a beta of 0.49. The stock’s 50 day moving average price is $39.27 and its two-hundred day moving average price is $36.83.

Hedge Funds Weigh In On iShares MSCI Japan Value ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its holdings in iShares MSCI Japan Value ETF by 115.6% in the 2nd quarter. Bank of America Corp DE now owns 802,802 shares of the company’s stock valued at $27,897,000 after buying an additional 430,398 shares during the period. Guardian Partners Inc. grew its stake in shares of iShares MSCI Japan Value ETF by 933.4% during the third quarter. Guardian Partners Inc. now owns 427,575 shares of the company’s stock worth $16,576,000 after purchasing an additional 386,199 shares in the last quarter. Sun Life Financial Inc. purchased a new position in shares of iShares MSCI Japan Value ETF in the 1st quarter valued at about $9,672,000. Flow Traders U.S. LLC raised its holdings in iShares MSCI Japan Value ETF by 204.8% during the second quarter. Flow Traders U.S. LLC now owns 323,709 shares of the company’s stock worth $11,249,000 after purchasing an additional 217,502 shares in the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in iShares MSCI Japan Value ETF in the first quarter valued at $4,155,000.

iShares MSCI Japan Value ETF Company Profile

The iShares MSCI Japan Value ETF (EWJV) is an exchange-traded fund that is based on the MSCI Japan Value index. The fund tracks a multi-factor-selected, market cap-weighted portfolio of Japanese equities. EWJV was launched on Mar 5, 2019 and is managed by BlackRock.