iShares MSCI Japan ETF (NYSEARCA:EWJ) Shares Cross Below 200 Day Moving Average – Here’s What Happened

iShares MSCI Japan ETF (NYSEARCA:EWJ)’s stock price crossed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $91.89 and traded as low as $88.23. iShares MSCI Japan ETF shares last traded at $88.26, with a volume of 10,391,318 shares trading hands.

iShares MSCI Japan ETF Stock Performance

The company’s 50-day simple moving average is $96.12 and its 200 day simple moving average is $91.91. The stock has a market cap of $22.44 billion, a P/E ratio of 14.63 and a beta of 0.76.

Institutional Trading of iShares MSCI Japan ETF

A number of hedge funds have recently bought and sold shares of the business. Fifth Third Bancorp boosted its holdings in shares of iShares MSCI Japan ETF by 612,227.5% in the 1st quarter. Fifth Third Bancorp now owns 244,931 shares of the exchange traded fund’s stock worth $20,682,000 after buying an additional 244,891 shares during the last quarter. Diversify Advisory Services LLC grew its position in iShares MSCI Japan ETF by 706.6% during the third quarter. Diversify Advisory Services LLC now owns 21,858 shares of the exchange traded fund’s stock valued at $2,086,000 after buying an additional 19,148 shares during the period. Angeles Wealth Management LLC increased its holdings in iShares MSCI Japan ETF by 3.8% during the third quarter. Angeles Wealth Management LLC now owns 374,300 shares of the exchange traded fund’s stock worth $36,482,000 after buying an additional 13,580 shares during the last quarter. Noble Wealth Partners LLC purchased a new stake in iShares MSCI Japan ETF during the second quarter worth about $531,000. Finally, Lifeworks Advisors LLC increased its holdings in iShares MSCI Japan ETF by 34.5% during the first quarter. Lifeworks Advisors LLC now owns 31,367 shares of the exchange traded fund’s stock worth $2,649,000 after buying an additional 8,048 shares during the last quarter. 64.60% of the stock is currently owned by institutional investors.

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.