iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Sees Large Volume Increase – Still a Buy?

iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) saw unusually-strong trading volume on Monday . Approximately 41,704 shares were traded during mid-day trading, a decline of 10% from the previous session’s volume of 46,346 shares.The stock last traded at $59.0290 and had previously closed at $58.66.

iShares Currency Hedged MSCI Japan ETF Stock Up 0.1%

The firm has a 50-day moving average price of $54.83 and a 200 day moving average price of $51.90. The firm has a market capitalization of $572.66 million, a PE ratio of 13.45 and a beta of 0.49.

Institutional Trading of iShares Currency Hedged MSCI Japan ETF

A number of institutional investors and hedge funds have recently bought and sold shares of HEWJ. SBI Securities Co. Ltd. grew its stake in shares of iShares Currency Hedged MSCI Japan ETF by 34.1% during the fourth 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. Murphy & Mullick Capital Management Corp lifted its holdings in iShares Currency Hedged MSCI Japan ETF by 43.6% during the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 1,179 shares of the company’s stock worth $61,000 after buying an additional 358 shares during the last quarter. Arkadios Wealth Advisors acquired a new position in shares of iShares Currency Hedged MSCI Japan ETF during the 2nd quarter worth about $201,000. BNP Paribas Financial Markets purchased a new position in shares of iShares Currency Hedged MSCI Japan ETF in the 3rd quarter valued at about $379,000. Finally, OVERSEA CHINESE BANKING Corp Ltd increased its holdings in shares of iShares Currency Hedged MSCI Japan ETF by 0.3% in the 2nd 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.

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.