iShares MSCI Japan ETF (NYSEARCA:EWJ) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. cut its stake in iShares MSCI Japan ETF (NYSEARCA:EWJ) by 19.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 21,104 shares of the exchange traded fund’s stock after selling 5,244 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in iShares MSCI Japan ETF were worth $1,461,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the stock. Castlekeep Investment Advisors LLC acquired a new position in shares of iShares MSCI Japan ETF during the fourth quarter valued at $101,421,000. Invesco Ltd. increased its holdings in shares of iShares MSCI Japan ETF by 602.1% during the fourth quarter. Invesco Ltd. now owns 1,011,232 shares of the exchange traded fund’s stock valued at $67,854,000 after purchasing an additional 867,201 shares during the period. Bank of America Corp DE increased its holdings in shares of iShares MSCI Japan ETF by 7.9% during the fourth quarter. Bank of America Corp DE now owns 4,567,225 shares of the exchange traded fund’s stock valued at $306,461,000 after purchasing an additional 332,982 shares during the period. Itau Unibanco Holding S.A. increased its holdings in shares of iShares MSCI Japan ETF by 35.7% during the fourth quarter. Itau Unibanco Holding S.A. now owns 1,054,475 shares of the exchange traded fund’s stock valued at $64,966,000 after purchasing an additional 277,167 shares during the period. Finally, Royal Bank of Canada increased its holdings in shares of iShares MSCI Japan ETF by 34.7% during the fourth quarter. Royal Bank of Canada now owns 819,719 shares of the exchange traded fund’s stock valued at $55,003,000 after purchasing an additional 211,170 shares during the period. 64.60% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Japan ETF Stock Performance

Shares of EWJ opened at $74.60 on Friday. The firm has a market capitalization of $15.22 billion, a price-to-earnings ratio of 14.63 and a beta of 0.68. iShares MSCI Japan ETF has a one year low of $59.84 and a one year high of $75.50. The stock’s fifty day moving average is $73.11 and its 200-day moving average is $69.75.

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).