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 trading hands.

iShares JPX-Nikkei 400 ETF Trading Down 0.3 %

The firm’s 50-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 price-to-earnings ratio of 12.89 and a beta of 0.71.

Hedge Funds Weigh In On iShares JPX-Nikkei 400 ETF

A number of hedge funds have recently bought and sold shares of JPXN. AlphaMark Advisors LLC boosted 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 acquiring an additional 361 shares during the last quarter. Flow Traders U.S. LLC boosted 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 acquiring an additional 47,875 shares during the last quarter. Jane Street Group LLC boosted 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 acquiring an additional 36,079 shares during the last quarter. Finally, Sunbelt Securities Inc. purchased a new position in iShares JPX-Nikkei 400 ETF during the 3rd quarter worth $278,000.

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.