iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Reaches New 12-Month High – Here’s Why

iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $56.28 and last traded at $56.28, with a volume of 22945 shares. The stock had previously closed at $55.95.

iShares Currency Hedged MSCI Japan ETF Stock Performance

The company has a market cap of $531.85 million, a price-to-earnings ratio of 13.45 and a beta of 0.49. The company has a fifty day moving average of $53.73 and a two-hundred day moving average of $50.27.

Institutional Trading of iShares Currency Hedged MSCI Japan ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp raised its holdings in iShares Currency Hedged MSCI Japan ETF by 43.6% in the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 1,179 shares of the company’s stock valued at $61,000 after buying an additional 358 shares during the last quarter. Arkadios Wealth Advisors acquired a new position in iShares Currency Hedged MSCI Japan ETF in the 2nd quarter valued at approximately $201,000. BNP Paribas Financial Markets bought a new position in shares of iShares Currency Hedged MSCI Japan ETF during the third quarter valued at $379,000. OVERSEA CHINESE BANKING Corp Ltd raised its stake in shares of iShares Currency Hedged MSCI Japan ETF by 0.3% during the second quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 89,530 shares of the company’s stock valued at $4,010,000 after acquiring an additional 228 shares during the last quarter. Finally, 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.

iShares Currency Hedged MSCI Japan ETF Company Profile

(Get Free Report)

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.

Further Reading

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