Penobscot Wealth Management Increases Stock Position in iShares MSCI Japan ETF (NYSEARCA:EWJ)

Penobscot Wealth Management raised its position in iShares MSCI Japan ETF (NYSEARCA:EWJ) by 16.4% in the second quarter, Holdings Channel reports. The institutional investor owned 22,521 shares of the exchange traded fund’s stock after purchasing an additional 3,173 shares during the period. iShares MSCI Japan ETF accounts for about 0.9% of Penobscot Wealth Management’s portfolio, making the stock its 25th largest position. Penobscot Wealth Management’s holdings in iShares MSCI Japan ETF were worth $1,576,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Cherry Tree Wealth Management LLC grew its position in shares of iShares MSCI Japan ETF by 164.6% during the 1st quarter. Cherry Tree Wealth Management LLC now owns 381 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 237 shares during the period. Crewe Advisors LLC acquired a new stake in iShares MSCI Japan ETF in the second quarter valued at approximately $29,000. Whittier Trust Co. grew its holdings in iShares MSCI Japan ETF by 410.5% in the first quarter. Whittier Trust Co. now owns 439 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 353 shares during the period. ORG Partners LLC purchased a new stake in shares of iShares MSCI Japan ETF in the second quarter valued at approximately $40,000. Finally, Hexagon Capital Partners LLC raised its stake in shares of iShares MSCI Japan ETF by 38.1% during the 4th quarter. Hexagon Capital Partners LLC now owns 1,302 shares of the exchange traded fund’s stock worth $83,000 after buying an additional 359 shares during the period.

iShares MSCI Japan ETF Stock Performance

Shares of NYSEARCA:EWJ traded up $0.43 during midday trading on Friday, reaching $71.97. 6,461,259 shares of the company’s stock traded hands, compared to its average volume of 7,494,515. The company has a fifty day simple moving average of $69.00 and a two-hundred day simple moving average of $68.89. iShares MSCI Japan ETF has a 1 year low of $57.20 and a 1 year high of $72.32. The company has a market cap of $17.61 billion, a P/E ratio of 13.63 and a beta of 0.73.

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).