Meridian Management Co. Acquires Shares of 57,100 iShares MSCI Japan ETF $EWJ

Meridian Management Co. bought a new position in iShares MSCI Japan ETF (NYSEARCA:EWJ) in the 3rd quarter, Holdings Channel reports. The firm bought 57,100 shares of the exchange traded fund’s stock, valued at approximately $4,580,000. iShares MSCI Japan ETF comprises about 1.2% of Meridian Management Co.’s portfolio, making the stock its 26th largest holding.

Other hedge funds also recently added to or reduced their stakes in the company. LRI Investments LLC purchased a new stake in iShares MSCI Japan ETF in the 2nd quarter worth about $26,000. Trust Co. of Vermont bought a new position in shares of iShares MSCI Japan ETF during the second quarter valued at approximately $30,000. Morgan Dempsey Capital Management LLC purchased a new stake in shares of iShares MSCI Japan ETF in the second quarter worth approximately $36,000. Front Row Advisors LLC purchased a new stake in shares of iShares MSCI Japan ETF in the second quarter worth approximately $44,000. Finally, GAMMA Investing LLC bought a new stake in shares of iShares MSCI Japan ETF during the 2nd quarter worth approximately $51,000. 64.60% of the stock is currently owned by institutional investors.

iShares MSCI Japan ETF Stock Up 1.0%

EWJ stock opened at $86.09 on Friday. iShares MSCI Japan ETF has a twelve month low of $59.84 and a twelve month high of $86.31. The firm has a market cap of $16.89 billion, a price-to-earnings ratio of 14.63 and a beta of 0.68. The business’s fifty day simple moving average is $83.02 and its two-hundred day simple moving average is $80.78.

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.