Mirae Asset Global Investments Co. Ltd. Makes New Investment in iShares MSCI Japan ETF $EWJ

Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of iShares MSCI Japan ETF (NYSEARCA:EWJ) during the 3rd quarter, Holdings Channel reports. The firm bought 154,847 shares of the exchange traded fund’s stock, valued at approximately $15,091,000.

Several other hedge funds have also bought and sold shares of the stock. Envestnet Asset Management Inc. increased its position in iShares MSCI Japan ETF by 2.2% in the second quarter. Envestnet Asset Management Inc. now owns 5,990,384 shares of the exchange traded fund’s stock worth $558,723,000 after buying an additional 128,092 shares in the last quarter. Royal Bank of Canada raised 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 worth $426,300,000 after buying an additional 2,506,472 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 buying an additional 203,875 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of iShares MSCI Japan ETF by 2,279.0% during the 1st quarter. Bessemer Group Inc. now owns 1,670,435 shares of the exchange traded fund’s stock valued at $141,051,000 after buying an additional 1,600,219 shares in the last quarter. Finally, Glenmede Trust Co. NA grew its stake in shares of iShares MSCI Japan ETF by 2.3% during the 1st quarter. Glenmede Trust Co. NA now owns 1,428,598 shares of the exchange traded fund’s stock valued at $120,631,000 after acquiring an additional 31,547 shares during the period. Institutional investors own 64.60% of the company’s stock.

iShares MSCI Japan ETF Trading Down 0.3%

Shares of NYSEARCA:EWJ opened at $92.59 on Wednesday. The stock has a 50 day moving average of $96.45 and a 200 day moving average of $91.83. The company has a market cap of $23.32 billion, a PE ratio of 14.63 and a beta of 0.76. iShares MSCI Japan ETF has a 12-month low of $79.47 and a 12-month high of $99.98.

iShares MSCI Japan ETF 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.