iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Shares Up 0.2% – Time to Buy?

iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ)’s stock price rose 0.2% during mid-day trading on Monday . The company traded as high as $62.68 and last traded at $62.25. 26,580 shares traded hands during trading, a decline of 83% from the average daily volume of 152,201 shares. The stock had previously closed at $62.12.

iShares Currency Hedged MSCI Japan ETF Stock Down 0.7%

The company’s fifty day moving average price is $63.14 and its 200 day moving average price is $59.47. The company has a market capitalization of $732.43 million, a P/E ratio of 13.45 and a beta of 0.48.

Hedge Funds Weigh In On iShares Currency Hedged MSCI Japan ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its holdings in iShares Currency Hedged MSCI Japan ETF by 7,286.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 155,119 shares of the company’s stock valued at $7,642,000 after acquiring an additional 153,019 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in shares of iShares Currency Hedged MSCI Japan ETF during the 3rd quarter valued at $379,000. SBI Securities Co. Ltd. grew its holdings in shares of iShares Currency Hedged MSCI Japan ETF by 34.1% during the 4th quarter. SBI Securities Co. Ltd. now owns 857 shares of the company’s stock worth $45,000 after purchasing an additional 218 shares in the last quarter. Williams Jones Wealth Management LLC. acquired a new stake in shares of iShares Currency Hedged MSCI Japan ETF during the 4th quarter worth $3,507,000. Finally, Banco Bilbao Vizcaya Argentaria S.A. increased its position in shares of iShares Currency Hedged MSCI Japan ETF by 52.3% in the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 172,172 shares of the company’s stock worth $9,094,000 after purchasing an additional 59,104 shares during the period.

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.