iShares MSCI Japan ETF (NYSEARCA:EWJ) Sets New 12-Month High – Here’s Why

iShares MSCI Japan ETF (NYSEARCA:EWJ) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $98.17 and last traded at $98.03, with a volume of 135552 shares traded. The stock had previously closed at $96.28.

iShares MSCI Japan ETF Stock Up 2.0%

The business has a 50 day moving average price of $93.16 and a 200 day moving average price of $90.12. The stock has a market cap of $23.25 billion, a P/E ratio of 14.63 and a beta of 0.68.

Hedge Funds Weigh In On iShares MSCI Japan ETF

Several hedge funds have recently bought and sold shares of the business. Vinland Capital Management Gestora de Recursos LTDA. bought a new position in shares of iShares MSCI Japan ETF in the fourth quarter worth about $25,000. Western Wealth Management LLC purchased a new stake in iShares MSCI Japan ETF in the 1st quarter valued at about $27,000. JPL Wealth Management LLC purchased a new stake in iShares MSCI Japan ETF in the 3rd quarter valued at about $26,000. Darwin Wealth Management LLC bought a new stake in iShares MSCI Japan ETF during the 1st quarter valued at $29,000. Finally, Geneos Wealth Management Inc. purchased a new stake in shares of iShares MSCI Japan ETF in the 4th quarter worth $29,000. Institutional investors own 64.60% of the company’s stock.

iShares MSCI Japan ETF Company 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.