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

Shares of iShares JPX-Nikkei 400 ETF (NYSEARCA:JPXN) dropped 1.4% on Tuesday . The company 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 has a market cap of $87.14 million, a P/E ratio of 12.89 and a beta of 0.71. The firm has a 50-day moving average price of $75.43 and a 200-day moving average price of $73.50.

Hedge Funds Weigh In On iShares JPX-Nikkei 400 ETF

An institutional investor recently raised its position in iShares JPX-Nikkei 400 ETF stock. AlphaMark Advisors LLC grew its holdings in shares of iShares JPX-Nikkei 400 ETF (NYSEARCA:JPXN) by 50.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,081 shares of the company’s stock after buying an additional 361 shares during the period. AlphaMark Advisors LLC owned 0.09% of iShares JPX-Nikkei 400 ETF worth $78,000 as of its most recent SEC filing.

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.