Cumberland Advisors Inc. Cuts Stock Position in iShares MSCI Japan ETF (NYSEARCA:EWJ)

Cumberland Advisors Inc. decreased its holdings in iShares MSCI Japan ETF (NYSEARCA:EWJ) by 5.1% in the 4th quarter, HoldingsChannel reports. The firm owned 30,930 shares of the exchange traded fund’s stock after selling 1,657 shares during the quarter. iShares MSCI Japan ETF makes up 0.8% of Cumberland Advisors Inc.’s holdings, making the stock its 25th biggest holding. Cumberland Advisors Inc.’s holdings in iShares MSCI Japan ETF were worth $2,075,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. Franklin Resources Inc. boosted its position in iShares MSCI Japan ETF by 22.5% in the 3rd quarter. Franklin Resources Inc. now owns 65,259 shares of the exchange traded fund’s stock valued at $4,644,000 after buying an additional 11,993 shares during the period. Seven Mile Advisory grew its stake in iShares MSCI Japan ETF by 8.7% during the 2nd quarter. Seven Mile Advisory now owns 4,746 shares of the exchange traded fund’s stock worth $324,000 after purchasing an additional 381 shares in the last quarter. Angeles Wealth Management LLC increased its holdings in iShares MSCI Japan ETF by 5.5% during the 2nd quarter. Angeles Wealth Management LLC now owns 242,861 shares of the exchange traded fund’s stock worth $16,573,000 after purchasing an additional 12,586 shares during the period. Sentry LLC increased its holdings in iShares MSCI Japan ETF by 4.0% during the 3rd quarter. Sentry LLC now owns 4,497 shares of the exchange traded fund’s stock worth $322,000 after purchasing an additional 175 shares during the period. Finally, Arizona PSPRS Trust purchased a new stake in iShares MSCI Japan ETF during the 3rd quarter worth about $4,807,000.

iShares MSCI Japan ETF Stock Down 0.3 %

NYSEARCA EWJ traded down $0.17 during trading hours on Wednesday, hitting $67.10. 3,607,319 shares of the company were exchanged, compared to its average volume of 4,197,614. The company has a 50 day moving average of $68.38 and a two-hundred day moving average of $69.13. iShares MSCI Japan ETF has a 52-week low of $60.62 and a 52-week high of $73.24. The firm has a market cap of $16.42 billion, a price-to-earnings ratio of 13.63 and a beta of 0.73.

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).