iShares JPX-Nikkei 400 ETF (NYSEARCA:JPXN) Shares Down 3.6%

iShares JPX-Nikkei 400 ETF (NYSEARCA:JPXN) shares fell 3.6% during mid-day trading on Friday . The company traded as low as $73.01 and last traded at $73.11. 55,795 shares were traded during mid-day trading, an increase of 154% from the average session volume of 21,965 shares. The stock had previously closed at $75.81.

iShares JPX-Nikkei 400 ETF Stock Performance

The company has a market capitalization of $87.73 million, a P/E ratio of 12.89 and a beta of 0.71. The company has a 50-day simple moving average of $73.83 and a 200 day simple moving average of $73.12.

Hedge Funds Weigh In On iShares JPX-Nikkei 400 ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC boosted its holdings in iShares JPX-Nikkei 400 ETF by 61.5% in the 4th quarter. Parallel Advisors LLC now owns 525 shares of the company’s stock valued at $36,000 after purchasing an additional 200 shares during the period. AlphaMark Advisors LLC raised its position in shares of iShares JPX-Nikkei 400 ETF by 50.1% during the second quarter. AlphaMark Advisors LLC now owns 1,081 shares of the company’s stock valued at $78,000 after buying an additional 361 shares during the last quarter. Corient Private Wealth LLC lifted its stake in shares of iShares JPX-Nikkei 400 ETF by 13.2% in the fourth quarter. Corient Private Wealth LLC now owns 9,446 shares of the company’s stock valued at $642,000 after buying an additional 1,099 shares during the period. Finally, Triumph Capital Management acquired a new stake in iShares JPX-Nikkei 400 ETF during the first quarter worth about $979,000.

About iShares JPX-Nikkei 400 ETF

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.