iShares MSCI Japan ETF (NYSEARCA:EWJ) Sets New 1-Year High – Should You Buy?

iShares MSCI Japan ETF (NYSEARCA:EWJ) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $91.48 and last traded at $91.29, with a volume of 9865646 shares trading hands. The stock had previously closed at $89.40.

iShares MSCI Japan ETF Stock Up 2.1%

The firm’s fifty day moving average price is $83.73 and its 200-day moving average price is $81.59. The stock has a market cap of $17.82 billion, a P/E ratio of 14.63 and a beta of 0.68.

Institutional Investors Weigh In On iShares MSCI Japan ETF

Several hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its position in shares of iShares MSCI Japan ETF by 2.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 26,102,320 shares of the exchange traded fund’s stock worth $2,093,667,000 after buying an additional 662,373 shares during the period. Fisher Asset Management LLC increased its position in iShares MSCI Japan ETF by 60.6% during the 2nd quarter. Fisher Asset Management LLC now owns 2,677,275 shares of the exchange traded fund’s stock valued at $200,715,000 after buying an additional 1,010,345 shares in the last quarter. Ameriprise Financial Inc. raised its stake in iShares MSCI Japan ETF by 44.9% during the second quarter. Ameriprise Financial Inc. now owns 1,261,058 shares of the exchange traded fund’s stock valued at $94,540,000 after buying an additional 390,526 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in iShares MSCI Japan ETF by 14.0% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,181,886 shares of the exchange traded fund’s stock worth $94,799,000 after acquiring an additional 144,700 shares in the last quarter. Finally, Itau Unibanco Holding S.A. increased its holdings in shares of iShares MSCI Japan ETF by 0.5% during the second quarter. Itau Unibanco Holding S.A. now owns 787,562 shares of the exchange traded fund’s stock valued at $59,044,000 after acquiring an additional 4,252 shares in the last quarter. 64.60% of the stock is currently owned by institutional investors.

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). 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.