iShares MSCI Japan ETF (NYSEARCA:EWJ) Sets New 1-Year High – What’s Next?

iShares MSCI Japan ETF (NYSEARCA:EWJ) shares hit a new 52-week high during trading on Friday. The company traded as high as $99.16 and last traded at $99.0820, with a volume of 660735 shares traded. The stock had previously closed at $97.38.

iShares MSCI Japan ETF Stock Performance

The stock has a market cap of $23.62 billion, a PE ratio of 14.63 and a beta of 0.69. The company has a 50 day moving average of $95.96 and a two-hundred day moving average of $92.27.

Institutional Trading of iShares MSCI Japan ETF

Large investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. increased its holdings in shares of iShares MSCI Japan ETF by 2.2% in 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 acquiring an additional 128,092 shares during the last quarter. Royal Bank of Canada grew its holdings in 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 acquiring an additional 2,506,472 shares during the period. First Command Advisory Services Inc. increased its holdings in iShares MSCI Japan ETF by 0.3% in the fourth 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 buying an additional 13,894 shares in the last quarter. TD Asset Management Inc raised its stake in shares of iShares MSCI Japan ETF by 0.4% during 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 buying an additional 11,881 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of iShares MSCI Japan ETF by 11.1% during the first quarter. The Manufacturers Life Insurance Company now owns 2,034,620 shares of the exchange traded fund’s stock valued at $171,803,000 after acquiring an additional 203,875 shares during the last quarter. Hedge funds and other institutional investors own 64.60% of the company’s stock.

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.