WisdomTree Japan Hedged Equity Fund (NYSEARCA:DXJ) Reaches New 1-Year High – Here’s Why

Shares of WisdomTree Japan Hedged Equity Fund (NYSEARCA:DXJ) reached a new 52-week high on Wednesday . The stock traded as high as $153.63 and last traded at $153.40, with a volume of 907591 shares. The stock had previously closed at $153.43.

WisdomTree Japan Hedged Equity Fund Price Performance

The firm’s 50-day moving average price is $142.60 and its 200-day moving average price is $131.36. The stock has a market cap of $5.72 billion, a P/E ratio of 12.88 and a beta of 0.41.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in DXJ. Sapient Capital LLC bought a new stake in shares of WisdomTree Japan Hedged Equity Fund in the second quarter worth about $271,000. Wealth Enhancement Advisory Services LLC grew its holdings in WisdomTree Japan Hedged Equity Fund by 8.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 12,469 shares of the exchange traded fund’s stock valued at $1,435,000 after buying an additional 929 shares in the last quarter. Park Avenue Securities LLC increased its stake in WisdomTree Japan Hedged Equity Fund by 3.2% in the 2nd quarter. Park Avenue Securities LLC now owns 4,238 shares of the exchange traded fund’s stock worth $484,000 after acquiring an additional 130 shares during the last quarter. E&G Advisors LP raised its holdings in shares of WisdomTree Japan Hedged Equity Fund by 6.5% during the 2nd quarter. E&G Advisors LP now owns 11,515 shares of the exchange traded fund’s stock worth $1,316,000 after acquiring an additional 705 shares in the last quarter. Finally, GSB Wealth Management LLC boosted its position in shares of WisdomTree Japan Hedged Equity Fund by 17.1% during the 2nd quarter. GSB Wealth Management LLC now owns 35,239 shares of the exchange traded fund’s stock valued at $4,027,000 after acquiring an additional 5,143 shares during the last quarter.

WisdomTree Japan Hedged Equity Fund Company Profile

WisdomTree Japan Hedged Equity Fund (the Fund) seeks investment results that closely correspond to the price and yield performance of the WisdomTree Japan Hedged Equity Index (the Index). The Index is designed to provide exposure to Japanese equity markets while at the same time neutralizing exposure to fluctuations of the Japanese Yen movements relative to the United States dollar. In this sense, the Index hedges against fluctuations in the relative value of the yen against the United States dollar.