iShares JPX-Nikkei 400 ETF (NYSEARCA:JPXN) Shares Down 1.4% – Should You Sell?

iShares JPX-Nikkei 400 ETF (NYSEARCA:JPXN)’s stock price dropped 1.4% on Tuesday . The stock traded as low as $72.39 and last traded at $72.62. Approximately 37,427 shares changed hands during trading, an increase of 70% from the average daily volume of 22,067 shares. The stock had previously closed at $73.64.

iShares JPX-Nikkei 400 ETF Stock Performance

The stock’s 50 day simple moving average is $75.41 and its 200-day simple moving average is $73.48. The firm has a market cap of $85.85 million, a price-to-earnings ratio of 12.89 and a beta of 0.71.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in iShares JPX-Nikkei 400 ETF stock. AlphaMark Advisors LLC raised its stake in shares of iShares JPX-Nikkei 400 ETF (NYSEARCA:JPXN) by 50.1% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 1,081 shares of the company’s stock after buying an additional 361 shares during the period. AlphaMark Advisors LLC owned about 0.09% of iShares JPX-Nikkei 400 ETF worth $78,000 at the end of the most recent quarter.

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.