ETFs

Franklin Resources Inc. Increases Stake in iShares MSCI Japan ETF (NYSEARCA:EWJ)

Published December 24, 2024

On December 24, 2024, it was reported that Franklin Resources Inc. has strengthened its investment in the iShares MSCI Japan ETF (NYSEARCA:EWJ) by 22.5% during the third quarter. According to a Form 13F filing with the SEC, the firm now owns 65,259 shares of this exchange-traded fund (ETF), having added 11,993 shares during this period. By the end of the recent quarter, the total value of Franklin Resources Inc.'s shares in the iShares MSCI Japan ETF reached approximately $4,644,000.

Other institutional investors have also been active in adjusting their positions in this ETF recently. For instance, Tidal Investments LLC initiated a new stake in the iShares MSCI Japan ETF during the third quarter, with an investment worth about $375,000. Additionally, Wilmington Savings Fund Society FSB increased its holdings by 49.0%, bringing its total to 23,077 shares valued at $1,651,000, following the acquisition of 7,585 additional shares. Furthermore, World Investment Advisors LLC acquired a new stake estimated at $920,000, while SkyView Investment Advisors LLC raised its position by 1.9%, now owning 77,788 shares worth $5,565,000 after buying an extra 1,486 shares. Lastly, Strait & Sound Wealth Management LLC increased its holdings by 48.5%, bringing its ownership to 7,714 shares valued at $552,000 after adding 2,520 shares during the last quarter.

iShares MSCI Japan ETF Performance Overview

The iShares MSCI Japan ETF opened at $66.49 on Tuesday, boasting a market capitalization of $16.27 billion, a price-to-earnings (P/E) ratio of 13.63, and a beta of 0.73. Over the last 50 days, the ETF has a simple moving average of $68.70, and for the last 200 days, it stands at $69.15. The ETF hit a 52-week low of $60.62, while its highest price was $73.24 within the same timeframe.

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 replicate the price and yield performance of publicly traded securities in the Japanese market, as indexed by the MSCI Japan Index.

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Franklin, Investments, Japan