iShares MSCI Japan ETF (NYSEARCA:EWJ) Hits New 1-Year High – Should You Buy?

iShares MSCI Japan ETF (NYSEARCA:EWJ)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $96.77 and last traded at $96.77, with a volume of 9512 shares trading hands. The stock had previously closed at $96.26.

iShares MSCI Japan ETF Stock Up 0.9%

The firm has a market capitalization of $22.78 billion, a price-to-earnings ratio of 14.63 and a beta of 0.68. The company’s 50 day moving average is $91.05 and its 200 day moving average is $87.42.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada boosted its stake in shares of iShares MSCI Japan ETF by 98.6% in the first quarter. Royal Bank of Canada now owns 5,048,553 shares of the exchange traded fund’s stock valued at $426,300,000 after buying an additional 2,506,472 shares during the period. First Command Advisory Services Inc. raised its holdings in 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 valued at $403,172,000 after acquiring an additional 13,894 shares in the last quarter. TD Asset Management Inc lifted its position 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 valued at $215,721,000 after acquiring an additional 11,881 shares during the period. The Manufacturers Life Insurance Company lifted its position 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 valued at $171,803,000 after acquiring an additional 203,875 shares during the period. Finally, Bank of Montreal Can grew its holdings in shares of iShares MSCI Japan ETF by 25.8% during 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 in the last quarter. Institutional investors and hedge funds own 64.60% of the company’s stock.

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.