Hsbc Holdings PLC Sells 2,431,078 Shares of iShares MSCI Japan ETF $EWJ

Hsbc Holdings PLC lessened its holdings in shares of iShares MSCI Japan ETF (NYSEARCA:EWJ) by 85.0% during the 4th quarter, HoldingsChannel reports. The fund owned 430,518 shares of the exchange traded fund’s stock after selling 2,431,078 shares during the quarter. Hsbc Holdings PLC’s holdings in iShares MSCI Japan ETF were worth $34,760,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. South Shore Capital Advisors bought a new stake in iShares MSCI Japan ETF during the fourth quarter valued at about $1,067,000. Blair William & Co. IL raised its stake in shares of iShares MSCI Japan ETF by 66.9% in the third quarter. Blair William & Co. IL now owns 52,686 shares of the exchange traded fund’s stock worth $4,226,000 after buying an additional 21,124 shares during the period. Ascent Group LLC bought a new position in shares of iShares MSCI Japan ETF in the fourth quarter worth about $2,515,000. Metis Global Partners LLC purchased a new position in shares of iShares MSCI Japan ETF during the 4th quarter valued at about $20,513,000. Finally, Walkner Condon Financial Advisors LLC lifted its position in shares of iShares MSCI Japan ETF by 31.6% during the 4th quarter. Walkner Condon Financial Advisors LLC now owns 97,481 shares of the exchange traded fund’s stock valued at $7,871,000 after buying an additional 23,434 shares in the last quarter. Institutional investors own 64.60% of the company’s stock.

iShares MSCI Japan ETF Trading Down 4.4%

Shares of NYSEARCA:EWJ opened at $92.75 on Wednesday. The stock has a 50 day moving average of $91.32 and a 200 day moving average of $87.59. The company has a market cap of $21.75 billion, a PE ratio of 14.63 and a beta of 0.68. iShares MSCI Japan ETF has a 12-month low of $71.51 and a 12-month high of $97.52.

iShares MSCI Japan ETF Profile

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.