Laffer Tengler Investments Inc. Makes New Investment in iShares MSCI Japan ETF $EWJ

Laffer Tengler Investments Inc. purchased a new stake in shares of iShares MSCI Japan ETF (NYSEARCA:EWJ) in the 3rd quarter, Holdings Channel reports. The fund purchased 10,838 shares of the exchange traded fund’s stock, valued at approximately $869,000.

Other institutional investors have also recently made changes to their positions in the company. Fisher Asset Management LLC grew its position in iShares MSCI Japan ETF by 60.6% during the second quarter. Fisher Asset Management LLC now owns 2,677,275 shares of the exchange traded fund’s stock valued at $200,715,000 after buying an additional 1,010,345 shares during the period. Johns Hopkins University bought a new position in iShares MSCI Japan ETF in the second quarter worth approximately $57,761,000. JPMorgan Chase & Co. raised its position in iShares MSCI Japan ETF by 2.6% in the third quarter. JPMorgan Chase & Co. now owns 26,102,320 shares of the exchange traded fund’s stock worth $2,093,667,000 after acquiring an additional 662,373 shares during the period. Victory Capital Management Inc. purchased a new position in shares of iShares MSCI Japan ETF during the 3rd quarter worth $32,411,000. Finally, Ameriprise Financial Inc. boosted its stake in shares of iShares MSCI Japan ETF by 44.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,261,058 shares of the exchange traded fund’s stock worth $94,540,000 after acquiring an additional 390,526 shares during the last quarter. Institutional investors own 64.60% of the company’s stock.

iShares MSCI Japan ETF Price Performance

Shares of EWJ stock opened at $86.83 on Wednesday. The company has a market cap of $16.94 billion, a price-to-earnings ratio of 14.63 and a beta of 0.68. iShares MSCI Japan ETF has a 1 year low of $59.84 and a 1 year high of $94.28. The firm has a fifty day moving average price of $86.78 and a 200-day moving average price of $83.35.

iShares MSCI Japan ETF 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.