iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Hits New 1-Year High – Here’s Why

iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $62.60 and last traded at $62.50, with a volume of 2157 shares changing hands. The stock had previously closed at $61.30.

iShares Currency Hedged MSCI Japan ETF Trading Up 1.4%

The firm’s 50-day moving average price is $58.64 and its 200-day moving average price is $56.57. The stock has a market capitalization of $798.85 million, a PE ratio of 13.45 and a beta of 0.47.

Institutional Trading of iShares Currency Hedged MSCI Japan ETF

Hedge funds have recently made changes to their positions in the business. Banco Bilbao Vizcaya Argentaria S.A. purchased a new stake in shares of iShares Currency Hedged MSCI Japan ETF during the 3rd quarter valued at about $5,570,000. JPMorgan Chase & Co. raised its position in shares of iShares Currency Hedged MSCI Japan ETF by 7,286.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 155,119 shares of the company’s stock valued at $7,642,000 after buying an additional 153,019 shares in the last quarter. Murphy & Mullick Capital Management Corp raised its position in shares of 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 valued at $61,000 after buying an additional 358 shares in the last quarter. Arkadios Wealth Advisors raised its position in shares of iShares Currency Hedged MSCI Japan ETF by 10.1% during the 3rd quarter. Arkadios Wealth Advisors now owns 4,935 shares of the company’s stock valued at $243,000 after buying an additional 453 shares in the last quarter. Finally, Williams Jones Wealth Management LLC. purchased a new stake in shares of iShares Currency Hedged MSCI Japan ETF during the 4th quarter valued at about $3,507,000.

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.