iShares JPX-Nikkei 400 ETF (NYSEARCA:JPXN) Share Price Cross Below 200 Day Moving Average – Should You Sell?

iShares JPX-Nikkei 400 ETF (NYSEARCA:JPXN) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $73.54 and traded as low as $72.14. iShares JPX-Nikkei 400 ETF shares last traded at $72.17, with a volume of 1,831 shares changing hands.

iShares JPX-Nikkei 400 ETF Stock Performance

The business’s fifty day moving average is $74.01 and its 200-day moving average is $73.54. The firm has a market cap of $86.60 million, a P/E ratio of 12.89 and a beta of 0.71.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Flow Traders U.S. LLC raised its holdings 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 worth $4,769,000 after purchasing an additional 47,875 shares during the last quarter. Jane Street Group LLC raised its holdings 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 worth $3,702,000 after purchasing an additional 36,079 shares during the last quarter. Sunbelt Securities Inc. bought a new position in iShares JPX-Nikkei 400 ETF during the 3rd quarter worth approximately $278,000. Finally, AlphaMark Advisors LLC raised its holdings 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 purchasing an additional 361 shares during the last 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.