EFG Asset Management Americas Corp. Cuts Holdings in iShares MSCI Japan ETF (NYSEARCA:EWJ)

EFG Asset Management Americas Corp. cut its position in shares of iShares MSCI Japan ETF (NYSEARCA:EWJ) by 6.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 70,477 shares of the exchange traded fund’s stock after selling 4,884 shares during the quarter. EFG Asset Management Americas Corp.’s holdings in iShares MSCI Japan ETF were worth $4,832,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Larson Financial Group LLC boosted its stake in iShares MSCI Japan ETF by 195.2% in the first quarter. Larson Financial Group LLC now owns 372 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 246 shares during the last quarter. Minot DeBlois Advisors LLC purchased a new position in iShares MSCI Japan ETF in the fourth quarter valued at about $30,000. Wayfinding Financial LLC purchased a new position in iShares MSCI Japan ETF in the first quarter valued at about $39,000. Lowe Wealth Advisors LLC purchased a new position in iShares MSCI Japan ETF in the first quarter valued at about $44,000. Finally, BOKF NA purchased a new position in iShares MSCI Japan ETF in the fourth quarter valued at about $47,000. 64.60% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Japan ETF Stock Up 0.1%

EWJ opened at $73.98 on Thursday. The stock has a market cap of $15.30 billion, a price-to-earnings ratio of 14.63 and a beta of 0.68. iShares MSCI Japan ETF has a twelve month low of $59.84 and a twelve month high of $76.93. The company’s 50-day moving average price is $73.54 and its two-hundred day moving average price is $70.55.

iShares MSCI Japan ETF 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).