iShares JPX-Nikkei 400 ETF (NYSEARCA:JPXN) Trading Up 0.7% – Time to Buy?

Shares of iShares JPX-Nikkei 400 ETF (NYSEARCA:JPXN) were up 0.7% during trading on Wednesday . The company traded as high as $98.09 and last traded at $98.04. Approximately 22,412 shares were traded during mid-day trading, a decline of 56% from the average daily volume of 51,427 shares. The stock had previously closed at $97.36.

iShares JPX-Nikkei 400 ETF Stock Up 0.7%

The stock has a 50 day simple moving average of $94.38 and a 200 day simple moving average of $92.05. The company has a market capitalization of $147.06 million, a price-to-earnings ratio of 14.59 and a beta of 0.64.

Hedge Funds Weigh In On iShares JPX-Nikkei 400 ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of JPXN. Osaic Holdings Inc. boosted its stake in iShares JPX-Nikkei 400 ETF by 329.9% in the second quarter. Osaic Holdings Inc. now owns 331 shares of the company’s stock valued at $26,000 after acquiring an additional 254 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of iShares JPX-Nikkei 400 ETF during the fourth quarter valued at approximately $35,000. Royal Bank of Canada raised its holdings in shares of iShares JPX-Nikkei 400 ETF by 20.6% during the first quarter. Royal Bank of Canada now owns 877 shares of the company’s stock valued at $80,000 after buying an additional 150 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of iShares JPX-Nikkei 400 ETF during the second quarter valued at approximately $162,000. Finally, Ifrah Financial Services Inc. bought a new stake in shares of iShares JPX-Nikkei 400 ETF during the first quarter valued at approximately $204,000.

iShares JPX-Nikkei 400 ETF Company Profile

iShares Japan Large-Cap ETF (the Fund), formerly iShares S&P/TOPIX 150 Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P/TOPIX 150 (the Index). The Index is comprised of approximately 70% of the market value of the Japanese equity market. Components primarily include consumer discretionary, financial and industrials companies. The Fund generally invests at least 90% of its assets in securities of the Index and in depositary receipts representing securities of the Index.