iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ – Get Free Report)’s share price were up 1.1% during trading on Monday . The stock traded as high as $38.73 and last traded at $38.43. Approximately 63,567 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 163,269 shares. The stock had previously closed at $38.00.
iShares Currency Hedged MSCI Japan ETF Stock Up 1.1 %
The company has a fifty day simple moving average of $42.23 and a 200 day simple moving average of $41.26. The firm has a market capitalization of $343.95 million, a P/E ratio of 17.09 and a beta of 0.70.
Institutional Investors Weigh In On iShares Currency Hedged MSCI Japan ETF
Hedge funds have recently added to or reduced their stakes in the stock. Tradition Wealth Management LLC boosted its holdings in iShares Currency Hedged MSCI Japan ETF by 87.9% in the fourth quarter. Tradition Wealth Management LLC now owns 4,810 shares of the company’s stock worth $168,000 after acquiring an additional 2,250 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of iShares Currency Hedged MSCI Japan ETF by 69.2% in the first quarter. BNP Paribas Financial Markets now owns 14,198 shares of the company’s stock worth $597,000 after purchasing an additional 5,808 shares during the last quarter. Hudson Value Partners LLC purchased a new position in shares of iShares Currency Hedged MSCI Japan ETF in the second quarter worth $609,000. Finally, OVERSEA CHINESE BANKING Corp Ltd raised its stake in shares of iShares Currency Hedged MSCI Japan ETF by 63.7% in the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 99,960 shares of the company’s stock worth $3,490,000 after purchasing an additional 38,895 shares during the last quarter.
About iShares Currency Hedged MSCI Japan ETF
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.
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