Hsbc Holdings PLC Sells 2,431,078 Shares of iShares MSCI Japan ETF $EWJ

Hsbc Holdings PLC cut its stake in shares of iShares MSCI Japan ETF (NYSEARCA:EWJ) by 85.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 430,518 shares of the exchange traded fund’s stock after selling 2,431,078 shares during the period. Hsbc Holdings PLC owned about 0.22% of iShares MSCI Japan ETF worth $34,760,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of EWJ. Vinland Capital Management Gestora de Recursos LTDA. purchased a new position in shares of iShares MSCI Japan ETF in the 4th quarter worth $25,000. Game Plan Financial Advisors LLC purchased a new stake in iShares MSCI Japan ETF during the fourth quarter valued at $26,000. JPL Wealth Management LLC bought a new position in iShares MSCI Japan ETF in the third quarter valued at about $26,000. Geneos Wealth Management Inc. bought a new position in iShares MSCI Japan ETF in the fourth quarter valued at about $29,000. Finally, Blue Trust Inc. purchased a new position in iShares MSCI Japan ETF in the fourth quarter worth about $30,000. 64.60% of the stock is owned by institutional investors.

iShares MSCI Japan ETF Stock Down 4.4%

iShares MSCI Japan ETF stock opened at $92.75 on Wednesday. The business has a 50-day simple moving average of $91.32 and a two-hundred day simple moving average of $87.59. The company has a market cap of $21.75 billion, a P/E ratio of 14.63 and a beta of 0.68. iShares MSCI Japan ETF has a 52-week low of $71.51 and a 52-week high of $97.52.

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). 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.