The Manufacturers Life Insurance Company Reduces Position in iShares MSCI Japan ETF $EWJ

The Manufacturers Life Insurance Company decreased its stake in shares of iShares MSCI Japan ETF (NYSEARCA:EWJ) by 61.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 788,395 shares of the exchange traded fund’s stock after selling 1,246,225 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.33% of iShares MSCI Japan ETF worth $73,534,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Royal Bank of Canada lifted its stake in shares of iShares MSCI Japan ETF by 98.6% during the first quarter. Royal Bank of Canada now owns 5,048,553 shares of the exchange traded fund’s stock worth $426,300,000 after buying an additional 2,506,472 shares during the period. First Command Advisory Services Inc. increased its position in shares of iShares MSCI Japan ETF by 0.3% in the 4th quarter. First Command Advisory Services Inc. now owns 4,993,457 shares of the exchange traded fund’s stock valued at $403,172,000 after acquiring an additional 13,894 shares during the period. TD Asset Management Inc raised its stake in iShares MSCI Japan ETF by 0.4% in the 4th quarter. TD Asset Management Inc now owns 2,671,796 shares of the exchange traded fund’s stock worth $215,721,000 after acquiring an additional 11,881 shares during the last quarter. Bank of Montreal Can raised its stake in iShares MSCI Japan ETF by 25.8% in the 4th quarter. Bank of Montreal Can now owns 1,798,753 shares of the exchange traded fund’s stock worth $145,231,000 after acquiring an additional 369,260 shares during the last quarter. Finally, Bessemer Group Inc. lifted its position in 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 acquiring an additional 1,600,219 shares during the period. Hedge funds and other institutional investors own 64.60% of the company’s stock.

iShares MSCI Japan ETF Stock Performance

Shares of EWJ opened at $98.56 on Friday. The stock has a 50-day moving average of $94.68 and a two-hundred day moving average of $91.34. The stock has a market cap of $23.34 billion, a P/E ratio of 14.63 and a beta of 0.69. iShares MSCI Japan ETF has a one year low of $78.21 and a one year high of $98.79.

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.