Connective Portfolio Management LLC Takes $2.18 Million Position in iShares MSCI Japan ETF (NYSEARCA:EWJ)

Connective Portfolio Management LLC bought a new position in shares of iShares MSCI Japan ETF (NYSEARCA:EWJ) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 32,500 shares of the exchange traded fund’s stock, valued at approximately $2,181,000. iShares MSCI Japan ETF accounts for 3.2% of Connective Portfolio Management LLC’s holdings, making the stock its 8th biggest holding.

A number of other hedge funds have also recently added to or reduced their stakes in EWJ. Franklin Resources Inc. increased its stake in shares of iShares MSCI Japan ETF by 22.5% during the 3rd quarter. Franklin Resources Inc. now owns 65,259 shares of the exchange traded fund’s stock valued at $4,644,000 after acquiring an additional 11,993 shares during the last quarter. Sentry LLC grew its holdings in iShares MSCI Japan ETF by 4.0% in the third quarter. Sentry LLC now owns 4,497 shares of the exchange traded fund’s stock valued at $322,000 after purchasing an additional 175 shares during the period. Arizona PSPRS Trust acquired a new position in iShares MSCI Japan ETF during the third quarter worth approximately $4,807,000. Wellington Management Group LLP acquired a new position in iShares MSCI Japan ETF during the third quarter worth approximately $5,059,000. Finally, Granite Bay Wealth Management LLC raised its stake in iShares MSCI Japan ETF by 55.9% during the second quarter. Granite Bay Wealth Management LLC now owns 145,811 shares of the exchange traded fund’s stock worth $9,950,000 after purchasing an additional 52,282 shares during the period.

iShares MSCI Japan ETF Stock Up 1.5 %

Shares of NYSEARCA EWJ opened at $66.27 on Thursday. The stock has a market capitalization of $16.21 billion, a PE ratio of 13.63 and a beta of 0.73. The firm has a fifty day moving average of $68.09 and a 200-day moving average of $69.06. iShares MSCI Japan ETF has a 52-week low of $60.62 and a 52-week high of $73.24.

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).