iShares MSCI Japan ETF (NYSEARCA:EWJ) Sets New 52-Week High – Here’s Why

iShares MSCI Japan ETF (NYSEARCA:EWJ) shares hit a new 52-week high on Wednesday . The stock traded as high as $85.34 and last traded at $85.0020, with a volume of 2905851 shares traded. The stock had previously closed at $84.45.

iShares MSCI Japan ETF Price Performance

The company has a market cap of $16.79 billion, a P/E ratio of 14.63 and a beta of 0.68. The business has a 50-day moving average of $82.42 and a two-hundred day moving average of $79.92.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of EWJ. D.A. Davidson & CO. acquired a new stake in shares of iShares MSCI Japan ETF in the third quarter worth approximately $1,096,000. RoundAngle Advisors LLC increased its stake in shares of iShares MSCI Japan ETF by 1.3% in the second quarter. RoundAngle Advisors LLC now owns 25,737 shares of the exchange traded fund’s stock worth $1,930,000 after buying an additional 335 shares during the last quarter. Global Retirement Partners LLC bought a new position in iShares MSCI Japan ETF during the 2nd quarter worth approximately $516,000. Paragon Capital Management Ltd grew its position in shares of iShares MSCI Japan ETF by 11.2% during the 2nd quarter. Paragon Capital Management Ltd now owns 32,698 shares of the exchange traded fund’s stock valued at $2,451,000 after buying an additional 3,305 shares during the last quarter. Finally, Genesee Capital Advisors LLC increased its position in iShares MSCI Japan ETF by 5.6% in the second quarter. Genesee Capital Advisors LLC now owns 14,150 shares of the exchange traded fund’s stock worth $1,061,000 after buying an additional 753 shares during the period. 64.60% of the stock is currently 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.