iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Sets New 12-Month High – Should You Buy?
by Mitch Edgeman · The Markets DailyiShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ – Get Free Report)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $60.51 and last traded at $60.4650, with a volume of 25532 shares trading hands. The stock had previously closed at $59.51.
iShares Currency Hedged MSCI Japan ETF Trading Down 0.1%
The company has a market cap of $573.90 million, a PE ratio of 13.45 and a beta of 0.49. The company has a fifty day simple moving average of $56.32 and a two-hundred day simple moving average of $53.05.
Institutional Trading of iShares Currency Hedged MSCI Japan ETF
Several hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in shares of iShares Currency Hedged MSCI Japan ETF by 138.2% in the 4th quarter. JPMorgan Chase & Co. now owns 369,431 shares of the company’s stock valued at $19,468,000 after purchasing an additional 214,312 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. acquired a new position in shares of iShares Currency Hedged MSCI Japan ETF during the third quarter worth $5,570,000. Williams Jones Wealth Management LLC. acquired a new position in shares of iShares Currency Hedged MSCI Japan ETF during the fourth quarter worth $3,507,000. BNP Paribas Financial Markets purchased a new position in iShares Currency Hedged MSCI Japan ETF in the third quarter valued at $379,000. Finally, Arkadios Wealth Advisors acquired a new stake in iShares Currency Hedged MSCI Japan ETF in the second quarter valued at $201,000.
iShares Currency Hedged MSCI Japan ETF Company Profile
The iShares Currency Hedged MSCI Japan ETF (HEWJ) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of large- and mid-cap Japanese stocks, while fully hedging out its exposure to the yen relative to the US dollar. HEWJ was launched on Jan 31, 2014 and is managed by BlackRock.