iShares MSCI Japan ETF (NYSEARCA:EWJ) Hits New 12-Month High – Still a Buy?

iShares MSCI Japan ETF (NYSEARCA:EWJ) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $81.91 and last traded at $81.93, with a volume of 910363 shares changing hands. The stock had previously closed at $80.15.

iShares MSCI Japan ETF Stock Performance

The stock has a market capitalization of $15.54 billion, a price-to-earnings ratio of 14.63 and a beta of 0.68. The business has a 50-day moving average of $78.95 and a 200-day moving average of $74.05.

Institutional Trading of iShares MSCI Japan ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Larson Financial Group LLC raised its stake in iShares MSCI Japan ETF by 195.2% during the 1st quarter. Larson Financial Group LLC now owns 372 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 246 shares during the last quarter. LRI Investments LLC purchased a new stake in iShares MSCI Japan ETF during the 2nd quarter valued at approximately $26,000. Trust Co. of Vermont purchased a new stake in iShares MSCI Japan ETF during the 2nd quarter valued at approximately $30,000. Wealth Preservation Advisors LLC purchased a new stake in iShares MSCI Japan ETF during the 1st quarter valued at approximately $33,000. Finally, Morgan Dempsey Capital Management LLC purchased a new stake in iShares MSCI Japan ETF during the 2nd quarter valued at approximately $36,000. 64.60% of the stock is owned by hedge funds and other institutional investors.

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).