iShares MSCI Japan Value ETF (NASDAQ:EWJV) Share Price Cross Below Two Hundred Day Moving Average – Here’s Why

iShares MSCI Japan Value ETF (NASDAQ:EWJV) shares crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $45.54 and traded as low as $45.13. iShares MSCI Japan Value ETF shares last traded at $45.50, with a volume of 111,668 shares traded.

iShares MSCI Japan Value ETF Stock Down 1.2%

The firm has a market cap of $746.20 million, a P/E ratio of 10.93 and a beta of 0.54. The firm’s fifty day moving average is $48.09 and its two-hundred day moving average is $45.54.

Institutional Investors Weigh In On iShares MSCI Japan Value ETF

A number of hedge funds have recently added to or reduced their stakes in EWJV. TD Waterhouse Canada Inc. raised its holdings in shares of iShares MSCI Japan Value ETF by 37.6% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 2,182 shares of the company’s stock valued at $114,000 after purchasing an additional 596 shares in the last quarter. International Assets Investment Management LLC bought a new position in iShares MSCI Japan Value ETF during the first quarter worth about $44,000. Breakwater Capital Group grew its stake in shares of iShares MSCI Japan Value ETF by 5.6% during the third quarter. Breakwater Capital Group now owns 19,522 shares of the company’s stock worth $947,000 after buying an additional 1,037 shares during the last quarter. TPG Advisors LLC lifted its position in shares of iShares MSCI Japan Value ETF by 6.9% during the 3rd quarter. TPG Advisors LLC now owns 22,039 shares of the company’s stock valued at $1,069,000 after acquiring an additional 1,413 shares during the period. Finally, Western Wealth Management LLC bought a new position in iShares MSCI Japan Value ETF in the 1st quarter valued at $150,000.

About iShares MSCI Japan Value ETF

The iShares MSCI Japan Value ETF (EWJV) is an exchange-traded fund that is based on the MSCI Japan Value index. The fund tracks a multi-factor-selected, market cap-weighted portfolio of Japanese equities. EWJV was launched on Mar 5, 2019 and is managed by BlackRock.