iShares JPX-Nikkei 400 ETF (NYSEARCA:JPXN) Stock Price Down 2.4% – Should You Sell?

iShares JPX-Nikkei 400 ETF (NYSEARCA:JPXN)’s stock price fell 2.4% during trading on Friday . The stock traded as low as $68.85 and last traded at $68.87. 7,756 shares were traded during trading, a decline of 35% from the average session volume of 11,909 shares. The stock had previously closed at $70.53.

iShares JPX-Nikkei 400 ETF Price Performance

The company has a market cap of $82.64 million, a PE ratio of 12.89 and a beta of 0.71. The stock has a 50 day simple moving average of $72.31 and a two-hundred day simple moving average of $73.53.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of JPXN. Sunbelt Securities Inc. purchased a new stake in iShares JPX-Nikkei 400 ETF in the 3rd quarter valued at approximately $278,000. Jane Street Group LLC boosted its stake in shares of iShares JPX-Nikkei 400 ETF by 293.8% in the third quarter. Jane Street Group LLC now owns 48,360 shares of the company’s stock valued at $3,702,000 after buying an additional 36,079 shares in the last quarter. Finally, Flow Traders U.S. LLC grew its holdings in iShares JPX-Nikkei 400 ETF by 331.9% during the third quarter. Flow Traders U.S. LLC now owns 62,299 shares of the company’s stock worth $4,769,000 after acquiring an additional 47,875 shares during the period.

iShares JPX-Nikkei 400 ETF Company Profile

iShares Japan Large-Cap ETF (the Fund), formerly iShares S&P/TOPIX 150 Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P/TOPIX 150 (the Index). The Index is comprised of approximately 70% of the market value of the Japanese equity market.