iShares MSCI Japan ETF (NYSEARCA:EWJ) Reaches New 52-Week High – What’s Next?

iShares MSCI Japan ETF (NYSEARCA:EWJ)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $94.87 and last traded at $94.80, with a volume of 506043 shares traded. The stock had previously closed at $94.06.

iShares MSCI Japan ETF Stock Up 0.4%

The company has a market cap of $22.14 billion, a PE ratio of 14.63 and a beta of 0.68. The stock’s 50 day simple moving average is $90.70 and its two-hundred day simple moving average is $87.23.

Hedge Funds Weigh In On iShares MSCI Japan ETF

A number of large investors have recently modified their holdings of the company. Royal Bank of Canada raised its holdings in shares of iShares MSCI Japan ETF by 98.6% in 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 purchasing an additional 2,506,472 shares during the period. First Command Advisory Services Inc. raised its holdings 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 worth $403,172,000 after purchasing an additional 13,894 shares during the period. TD Asset Management Inc raised its holdings in shares of 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 purchasing an additional 11,881 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of iShares MSCI Japan ETF by 11.1% in 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 purchasing an additional 203,875 shares during the period. Finally, Bank of Montreal Can raised its holdings in shares of 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 purchasing an additional 369,260 shares during the period. 64.60% of the stock is currently owned by hedge funds and other institutional investors.

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.