iShares MSCI Japan ETF (NYSEARCA:EWJ) Reaches New 12-Month High – Time to Buy?

iShares MSCI Japan ETF (NYSEARCA:EWJ)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $86.01 and last traded at $86.1290, with a volume of 15978 shares trading hands. The stock had previously closed at $85.21.

iShares MSCI Japan ETF Stock Performance

The stock’s 50-day moving average is $83.11 and its two-hundred day moving average is $80.87. The stock has a market cap of $16.82 billion, a PE ratio of 14.63 and a beta of 0.68.

Institutional Investors Weigh In On iShares MSCI Japan ETF

A number of institutional investors have recently modified their holdings of the company. LRI Investments LLC purchased a new position in iShares MSCI Japan ETF during the 2nd quarter valued at about $26,000. Hantz Financial Services Inc. acquired a new stake in shares of iShares MSCI Japan ETF during the third quarter worth about $26,000. Game Plan Financial Advisors LLC purchased a new position in shares of iShares MSCI Japan ETF in the fourth quarter valued at approximately $26,000. JPL Wealth Management LLC acquired a new position in shares of iShares MSCI Japan ETF in the third quarter valued at approximately $26,000. Finally, Geneos Wealth Management Inc. acquired a new position in shares of iShares MSCI Japan ETF in the fourth quarter valued at approximately $29,000. 64.60% of the stock is owned by institutional investors and hedge funds.

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.