Purpose Unlimited Inc. Invests $9.72 Million in iShares MSCI Japan ETF $EWJ

Purpose Unlimited Inc. purchased a new position in iShares MSCI Japan ETF (NYSEARCA:EWJ) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 120,355 shares of the exchange traded fund’s stock, valued at approximately $9,717,000. Purpose Unlimited Inc. owned approximately 0.06% of iShares MSCI Japan ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Command Advisory Services Inc. raised its stake in iShares MSCI Japan ETF by 0.3% during the fourth quarter. First Command Advisory Services Inc. now owns 4,993,457 shares of the exchange traded fund’s stock valued at $403,172,000 after buying an additional 13,894 shares during the last quarter. TD Asset Management Inc grew its stake in shares of iShares MSCI Japan ETF by 0.4% in the fourth quarter. TD Asset Management Inc now owns 2,671,796 shares of the exchange traded fund’s stock worth $215,721,000 after acquiring an additional 11,881 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of iShares MSCI Japan ETF by 254.4% during the fourth quarter. Royal Bank of Canada now owns 2,542,081 shares of the exchange traded fund’s stock valued at $205,247,000 after acquiring an additional 1,824,734 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of iShares MSCI Japan ETF by 511.5% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,830,745 shares of the exchange traded fund’s stock valued at $147,814,000 after acquiring an additional 1,531,363 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of iShares MSCI Japan ETF by 25.8% during the fourth quarter. Bank of Montreal Can now owns 1,798,753 shares of the exchange traded fund’s stock valued at $145,231,000 after acquiring an additional 369,260 shares in the last quarter. Hedge funds and other institutional investors own 64.60% of the company’s stock.

iShares MSCI Japan ETF Price Performance

EWJ opened at $96.26 on Friday. The stock has a 50-day moving average price of $91.05 and a 200-day moving average price of $87.39. The firm has a market cap of $22.57 billion, a PE ratio of 14.63 and a beta of 0.68. iShares MSCI Japan ETF has a 1 year low of $71.09 and a 1 year high of $96.52.

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.