Capital Investment Advisors LLC Reduces Stake in iShares MSCI Japan ETF

Capital Investment Advisors LLC has reduced its stake in iShares MSCI Japan ETF (NYSEARCA:EWJ) by 21.2% in the third quarter, based on the firm's latest filing with the SEC. Following this adjustment, the company now holds 11,287 shares after selling 3,044 shares throughout the quarter. As of the most recent filing, the value of Capital Investment Advisors LLC's holdings in the iShares MSCI Japan ETF stands at $807,000.

In addition to Capital Investment Advisors LLC, several other hedge funds have also adjusted their positions in the iShares MSCI Japan ETF recently. For instance, CWM LLC increased its investment by 43.4% during the first quarter, bringing its total to 2,183 shares worth approximately $156,000 after adding 661 shares. Similarly, Banque Cantonale Vaudoise enhanced its stake by 14.5% and now owns 8,722 shares valued at around $622,000 after acquiring an additional 1,105 shares. RFG Advisory LLC saw a substantial increase of 104.4% in its position, now holding 18,925 shares worth $1,350,000 after purchasing 9,665 more shares. Global Assets Advisory LLC established a new position valued at around $3,319,000, while Harbor Investment Advisory LLC raised its stake dramatically by 306.3%, resulting in ownership of 3,051 shares valued at $218,000 after buying 2,300 more shares in that quarter.

iShares MSCI Japan ETF Stock Overview

On the trading front, the iShares MSCI Japan ETF opened at $70.13 on Monday. Over the past year, the ETF has reached a low of $57.20 and a high of $73.24. With a market capitalization of $17.16 billion, it has a price-to-earnings ratio of 13.63 and a beta of 0.73. The 50-day moving average for the stock is recorded at $70.47, while the 200-day moving average stands at $69.10.

About iShares MSCI Japan ETF

The iShares MSCI Japan ETF, previously known as the iShares MSCI Japan Index Fund, is an exchange-traded fund that aims to reflect the performance of publicly traded securities in the Japanese market. The fund strives to provide investment results that closely correspond to the price and yield performance of the MSCI Japan Index.

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Investment, ETF, Hedgefunds