iShares JPX-Nikkei 400 ETF (NYSEARCA:JPXN) Trading Down 2.4% – Time to Sell?

Shares of iShares JPX-Nikkei 400 ETF (NYSEARCA:JPXN) traded down 2.4% on Friday . The stock traded as low as $68.85 and last traded at $68.87. 7,756 shares changed hands during trading, a decline of 35% from the average session volume of 11,909 shares. The stock had previously closed at $70.53.

iShares JPX-Nikkei 400 ETF Stock Performance

The company’s fifty day moving average price is $72.31 and its two-hundred day moving average price is $73.53. The firm has a market capitalization of $82.64 million, a PE ratio of 12.89 and a beta of 0.71.

Hedge Funds Weigh In On iShares JPX-Nikkei 400 ETF

A number of hedge funds have recently made changes to their positions in the business. Flow Traders U.S. LLC increased its stake in iShares JPX-Nikkei 400 ETF by 331.9% during the 3rd quarter. Flow Traders U.S. LLC now owns 62,299 shares of the company’s stock worth $4,769,000 after buying an additional 47,875 shares during the period. Jane Street Group LLC grew its stake in shares of iShares JPX-Nikkei 400 ETF by 293.8% during the third quarter. Jane Street Group LLC now owns 48,360 shares of the company’s stock valued at $3,702,000 after acquiring an additional 36,079 shares in the last quarter. Finally, Sunbelt Securities Inc. purchased a new stake in shares of iShares JPX-Nikkei 400 ETF during the third quarter worth about $278,000.

iShares JPX-Nikkei 400 ETF Company Profile

iShares Japan Large-Cap ETF (the Fund), formerly iShares S&P/TOPIX 150 Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P/TOPIX 150 (the Index). The Index is comprised of approximately 70% of the market value of the Japanese equity market.