iShares MSCI Japan ETF (NYSEARCA:EWJ) Hits New 52-Week High – Should You Buy?

iShares MSCI Japan ETF (NYSEARCA:EWJ) reached a new 52-week high during trading on Tuesday . The company traded as high as $74.74 and last traded at $74.68, with a volume of 1194184 shares. The stock had previously closed at $73.03.

iShares MSCI Japan ETF Stock Up 2.5%

The firm has a market cap of $15.29 billion, a P/E ratio of 14.54 and a beta of 0.67. The firm’s 50-day simple moving average is $69.54 and its 200 day simple moving average is $68.81.

Institutional Trading of iShares MSCI Japan ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Exchange Traded Concepts LLC lifted its holdings in shares of iShares MSCI Japan ETF by 66.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 445 shares of the exchange traded fund’s stock worth $30,000 after acquiring an additional 178 shares during the last quarter. WestEnd Advisors LLC grew its stake in shares of iShares MSCI Japan ETF by 8.6% in the fourth quarter. WestEnd Advisors LLC now owns 2,636 shares of the exchange traded fund’s stock worth $177,000 after purchasing an additional 209 shares during the last quarter. DAVENPORT & Co LLC increased its holdings in iShares MSCI Japan ETF by 7.3% during the 1st quarter. DAVENPORT & Co LLC now owns 3,239 shares of the exchange traded fund’s stock valued at $222,000 after purchasing an additional 220 shares during the period. Robertson Stephens Wealth Management LLC raised its position in iShares MSCI Japan ETF by 3.7% during the 1st quarter. Robertson Stephens Wealth Management LLC now owns 6,369 shares of the exchange traded fund’s stock valued at $437,000 after purchasing an additional 225 shares during the last quarter. Finally, Larson Financial Group LLC lifted its holdings in iShares MSCI Japan ETF by 195.2% in the 1st quarter. Larson Financial Group LLC now owns 372 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 246 shares during the period.

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).