iShares MSCI Japan Small-Cap ETF (NYSEARCA:SCJ) Trading 2.3% Higher – Here’s Why

iShares MSCI Japan Small-Cap ETF (NYSEARCA:SCJ) traded up 2.3% during mid-day trading on Tuesday . The company traded as high as $104.97 and last traded at $104.92. 53,513 shares traded hands during trading, an increase of 50% from the average session volume of 35,593 shares. The stock had previously closed at $102.61.

iShares MSCI Japan Small-Cap ETF Stock Up 2.3%

The company’s fifty day simple moving average is $94.73 and its two-hundred day simple moving average is $92.25. The company has a market capitalization of $220.33 million, a price-to-earnings ratio of 13.39 and a beta of 0.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SCJ. Van Berkom & Associates Inc. acquired a new position in iShares MSCI Japan Small-Cap ETF in the fourth quarter valued at about $94,000. JPMorgan Chase & Co. lifted its holdings in shares of iShares MSCI Japan Small-Cap ETF by 169.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,197 shares of the company’s stock valued at $187,000 after purchasing an additional 1,382 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of iShares MSCI Japan Small-Cap ETF by 412.8% in the 1st quarter. Jones Financial Companies Lllp now owns 5,128 shares of the company’s stock valued at $393,000 after purchasing an additional 4,128 shares during the period. Finally, Fiduciary Wealth Partners LLC acquired a new position in shares of iShares MSCI Japan Small-Cap ETF in the 2nd quarter valued at approximately $416,000.

About iShares MSCI Japan Small-Cap ETF

The iShares MSCI Japan Small-Cap ETF (SCJ) is an exchange-traded fund that is based on the MSCI Japan Small Cap index, a market-cap-weighted index of small-cap Japanese stocks. SCJ was launched on Dec 20, 2007 and is managed by BlackRock.