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

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

iShares JPX-Nikkei 400 ETF Stock Down 3.6 %

The company has a market cap of $87.73 million, a price-to-earnings ratio of 12.89 and a beta of 0.71. The business has a 50-day simple moving average of $73.83 and a two-hundred day simple moving average of $73.12.

Institutional Investors Weigh In On iShares JPX-Nikkei 400 ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in JPXN. Triumph Capital Management acquired a new position in iShares JPX-Nikkei 400 ETF during the first quarter valued at approximately $979,000. Corient Private Wealth LLC grew its stake in iShares JPX-Nikkei 400 ETF by 13.2% in the 4th 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 last quarter. AlphaMark Advisors LLC lifted its position in iShares JPX-Nikkei 400 ETF by 50.1% during the 2nd quarter. AlphaMark Advisors LLC now owns 1,081 shares of the company’s stock worth $78,000 after acquiring an additional 361 shares during the last quarter. Finally, Parallel Advisors LLC lifted its position in iShares JPX-Nikkei 400 ETF by 61.5% during the 4th quarter. Parallel Advisors LLC now owns 525 shares of the company’s stock worth $36,000 after acquiring an additional 200 shares during the last quarter.

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.