iShares MSCI Japan ETF (NYSEARCA:EWJ) Reaches New 1-Year High – Here’s Why

iShares MSCI Japan ETF (NYSEARCA:EWJ)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $98.17 and last traded at $98.03, with a volume of 135552 shares. The stock had previously closed at $96.28.

iShares MSCI Japan ETF Price Performance

The company’s fifty day simple moving average is $93.32 and its 200-day simple moving average is $90.31. The firm has a market capitalization of $23.32 billion, a PE ratio of 14.63 and a beta of 0.68.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Trust Co. of Vermont purchased a new stake in iShares MSCI Japan ETF during the 2nd quarter worth approximately $84,000. G&S Capital LLC purchased a new position in shares of iShares MSCI Japan ETF in the second quarter valued at approximately $203,000. Barry Investment Advisors LLC boosted its stake in shares of iShares MSCI Japan ETF by 0.5% in the second quarter. Barry Investment Advisors LLC now owns 203,927 shares of the exchange traded fund’s stock worth $19,020,000 after acquiring an additional 1,075 shares during the last quarter. Breakwater Capital Group boosted its stake in shares of iShares MSCI Japan ETF by 13.2% in the second quarter. Breakwater Capital Group now owns 22,225 shares of the exchange traded fund’s stock worth $2,073,000 after acquiring an additional 2,584 shares during the last quarter. Finally, Polianta Ltd increased its position in shares of iShares MSCI Japan ETF by 2.5% during the second quarter. Polianta Ltd now owns 184,900 shares of the exchange traded fund’s stock worth $17,245,000 after purchasing an additional 4,500 shares in the last quarter. 64.60% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Japan ETF Company 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.