iShares JPX-Nikkei 400 ETF (NYSEARCA:JPXN) Stock Price Down 2.4% – Here’s What Happened

iShares JPX-Nikkei 400 ETF (NYSEARCA:JPXN) dropped 2.4% during trading on Friday . The company traded as low as $68.85 and last traded at $68.87. Approximately 7,756 shares were traded during mid-day trading, a decline of 35% from the average daily volume of 11,909 shares. The stock had previously closed at $70.53.

iShares JPX-Nikkei 400 ETF Trading Down 2.4 %

The firm has a market capitalization of $82.64 million, a P/E ratio of 12.89 and a beta of 0.71. The business’s fifty day moving average is $72.31 and its 200 day moving average is $73.52.

Institutional Investors Weigh In On iShares JPX-Nikkei 400 ETF

Several hedge funds have recently modified their holdings of JPXN. Sunbelt Securities Inc. purchased a new stake in shares of iShares JPX-Nikkei 400 ETF in the 3rd quarter valued at approximately $278,000. Jane Street Group LLC raised its stake in iShares JPX-Nikkei 400 ETF by 293.8% during the 3rd quarter. Jane Street Group LLC now owns 48,360 shares of the company’s stock valued at $3,702,000 after purchasing an additional 36,079 shares during the period. Finally, Flow Traders U.S. LLC raised 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 valued at $4,769,000 after purchasing an additional 47,875 shares during the period.

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.