Waverly Advisors LLC Lowers Position in iShares MSCI Japan ETF $EWJ

Waverly Advisors LLC lowered its position in iShares MSCI Japan ETF (NYSEARCA:EWJ) by 7.8% in the second quarter, Holdings Channel.com reports. The firm owned 65,858 shares of the exchange traded fund’s stock after selling 5,543 shares during the quarter. Waverly Advisors LLC’s holdings in iShares MSCI Japan ETF were worth $6,143,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Fifth Third Bancorp grew its holdings in iShares MSCI Japan ETF by 612,227.5% during the first quarter. Fifth Third Bancorp now owns 244,931 shares of the exchange traded fund’s stock worth $20,682,000 after acquiring an additional 244,891 shares during the period. Lifeworks Advisors LLC lifted its holdings in iShares MSCI Japan ETF by 34.5% in the first quarter. Lifeworks Advisors LLC now owns 31,367 shares of the exchange traded fund’s stock valued at $2,649,000 after acquiring an additional 8,048 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in iShares MSCI Japan ETF in the fourth quarter valued at $789,000. Purpose Unlimited Inc. purchased a new stake in shares of iShares MSCI Japan ETF during the 4th quarter worth $9,717,000. Finally, Parallel Advisors LLC boosted its position in shares of iShares MSCI Japan ETF by 72.4% during the 4th quarter. Parallel Advisors LLC now owns 13,850 shares of the exchange traded fund’s stock worth $1,118,000 after purchasing an additional 5,817 shares in the last quarter. Hedge funds and other institutional investors own 64.60% of the company’s stock.

iShares MSCI Japan ETF Stock Down 0.6%

NYSEARCA:EWJ opened at $96.44 on Friday. iShares MSCI Japan ETF has a fifty-two week low of $78.21 and a fifty-two week high of $98.79. The stock has a market cap of $22.84 billion, a PE ratio of 14.63 and a beta of 0.69. The firm’s fifty day simple moving average is $94.57 and its 200-day simple moving average is $91.29.

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.