Meeder Asset Management Inc. Sells 6,499 Shares of iShares MSCI Japan ETF $EWJ

Meeder Asset Management Inc. decreased its holdings in shares of iShares MSCI Japan ETF (NYSEARCA:EWJ) by 24.2% in the 1st quarter, HoldingsChannel reports. The firm owned 20,323 shares of the exchange traded fund’s stock after selling 6,499 shares during the period. Meeder Asset Management Inc.’s holdings in iShares MSCI Japan ETF were worth $1,716,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada raised its position in shares of iShares MSCI Japan ETF by 254.4% in the fourth quarter. Royal Bank of Canada now owns 2,542,081 shares of the exchange traded fund’s stock valued at $205,247,000 after purchasing an additional 1,824,734 shares during the period. Bessemer Group Inc. boosted its holdings in shares of iShares MSCI Japan ETF by 2,279.0% during the 1st quarter. Bessemer Group Inc. now owns 1,670,435 shares of the exchange traded fund’s stock worth $141,051,000 after buying an additional 1,600,219 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of iShares MSCI Japan ETF by 511.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,830,745 shares of the exchange traded fund’s stock worth $147,814,000 after buying an additional 1,531,363 shares during the period. Quadrature Capital Ltd boosted its holdings in shares of iShares MSCI Japan ETF by 1,593.2% during the 4th quarter. Quadrature Capital Ltd now owns 992,110 shares of the exchange traded fund’s stock worth $80,103,000 after buying an additional 933,517 shares during the period. Finally, National Bank of Canada FI acquired a new position in iShares MSCI Japan ETF in the 3rd quarter valued at about $50,155,000. 64.60% of the stock is owned by institutional investors.

iShares MSCI Japan ETF Stock Down 0.1%

iShares MSCI Japan ETF stock opened at $90.43 on Tuesday. The stock has a market cap of $21.55 billion, a P/E ratio of 14.63 and a beta of 0.68. iShares MSCI Japan ETF has a twelve month low of $72.39 and a twelve month high of $97.52. The company’s 50-day moving average price is $92.80 and its two-hundred day moving average price is $89.06.

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.