iShares MSCI Japan ETF $EWJ Shares Sold by Itau Unibanco Holding S.A.

Itau Unibanco Holding S.A. decreased its stake in iShares MSCI Japan ETF (NYSEARCA:EWJ) by 25.7% in the 1st quarter, Holdings Channel reports. The firm owned 783,310 shares of the exchange traded fund’s stock after selling 271,165 shares during the quarter. iShares MSCI Japan ETF accounts for approximately 2.0% of Itau Unibanco Holding S.A.’s portfolio, making the stock its 14th biggest position. Itau Unibanco Holding S.A.’s holdings in iShares MSCI Japan ETF were worth $53,704,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BNP Paribas Financial Markets lifted its stake in shares of iShares MSCI Japan ETF by 2,106.3% in the first quarter. BNP Paribas Financial Markets now owns 2,398,952 shares of the exchange traded fund’s stock valued at $164,472,000 after purchasing an additional 2,290,221 shares during the period. Wealth Preservation Advisors LLC acquired a new stake in shares of iShares MSCI Japan ETF in the first quarter valued at about $33,000. CreativeOne Wealth LLC acquired a new stake in shares of iShares MSCI Japan ETF in the first quarter valued at about $286,000. Comerica Bank lifted its stake in shares of iShares MSCI Japan ETF by 38.7% in the first quarter. Comerica Bank now owns 342,008 shares of the exchange traded fund’s stock valued at $23,448,000 after purchasing an additional 95,482 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of iShares MSCI Japan ETF by 16.5% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 191,623 shares of the exchange traded fund’s stock valued at $13,138,000 after purchasing an additional 27,150 shares during the period. Institutional investors and hedge funds own 64.60% of the company’s stock.

iShares MSCI Japan ETF Stock Down 0.4%

Shares of NYSEARCA EWJ opened at $78.63 on Thursday. iShares MSCI Japan ETF has a 52 week low of $59.84 and a 52 week high of $80.45. The firm has a 50-day moving average price of $75.30 and a 200 day moving average price of $72.01. The stock has a market capitalization of $16.32 billion, a price-to-earnings ratio of 14.63 and a beta of 0.68.

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).