Bessemer Group Inc. Grows Stock Position in iShares MSCI Japan ETF $EWJ

Bessemer Group Inc. boosted its holdings in iShares MSCI Japan ETF (NYSEARCA:EWJ) by 2,279.0% during the first quarter, Holdings Channel.com reports. The fund owned 1,670,435 shares of the exchange traded fund’s stock after acquiring an additional 1,600,219 shares during the period. Bessemer Group Inc.’s holdings in iShares MSCI Japan ETF were worth $141,051,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in EWJ. Vinland Capital Management Gestora de Recursos LTDA. acquired a new position in iShares MSCI Japan ETF during the fourth quarter worth about $25,000. Game Plan Financial Advisors LLC acquired a new stake in shares of iShares MSCI Japan ETF during the fourth quarter valued at $26,000. JPL Wealth Management LLC acquired a new stake in shares of iShares MSCI Japan ETF during the third quarter valued at $26,000. Geneos Wealth Management Inc. purchased a new stake in iShares MSCI Japan ETF during the 4th quarter worth about $29,000. Finally, Darwin Wealth Management LLC purchased a new stake in iShares MSCI Japan ETF during the 1st quarter worth about $29,000. 64.60% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Japan ETF Trading Down 1.7%

Shares of EWJ stock opened at $91.91 on Friday. The firm has a 50-day moving average price of $92.87 and a 200 day moving average price of $88.92. iShares MSCI Japan ETF has a twelve month low of $71.71 and a twelve month high of $97.52. The company has a market capitalization of $21.88 billion, a price-to-earnings ratio of 14.63 and a beta of 0.68.

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.