7,352 Shares in iShares MSCI Japan ETF $EWJ Bought by USA Financial Formulas

USA Financial Formulas purchased a new stake in iShares MSCI Japan ETF (NYSEARCA:EWJ) during the third quarter, HoldingsChannel.com reports. The firm purchased 7,352 shares of the exchange traded fund’s stock, valued at approximately $717,000.

Several other institutional investors also recently made changes to their positions in EWJ. Envestnet Asset Management Inc. grew its stake in shares of iShares MSCI Japan ETF by 2.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,990,384 shares of the exchange traded fund’s stock valued at $558,723,000 after buying an additional 128,092 shares during the period. Royal Bank of Canada increased its holdings in shares of iShares MSCI Japan ETF by 98.6% during the 1st 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 last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of iShares MSCI Japan ETF by 11.1% during the 1st quarter. The Manufacturers Life Insurance Company now owns 2,034,620 shares of the exchange traded fund’s stock worth $171,803,000 after buying an additional 203,875 shares during the last quarter. Bessemer Group Inc. raised its position in shares of iShares MSCI Japan ETF by 2,279.0% in 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. Finally, Glenmede Trust Co. NA raised its position in shares of iShares MSCI Japan ETF by 2.3% in the 1st quarter. Glenmede Trust Co. NA now owns 1,428,598 shares of the exchange traded fund’s stock worth $120,631,000 after buying an additional 31,547 shares during the period. 64.60% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Japan ETF Trading Down 0.6%

Shares of EWJ opened at $94.88 on Friday. iShares MSCI Japan ETF has a twelve month low of $79.47 and a twelve month high of $99.98. The firm has a market capitalization of $23.08 billion, a P/E ratio of 14.63 and a beta of 0.71. The stock’s fifty day simple moving average is $96.95 and its 200 day simple moving average is $93.28.

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.