iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Reaches New 1-Year High – What’s Next?

iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) hit a new 52-week high on Monday . The stock traded as high as $64.13 and last traded at $63.99, with a volume of 7101 shares. The stock had previously closed at $62.83.

iShares Currency Hedged MSCI Japan ETF Trading Up 0.1%

The firm has a market cap of $822.02 million, a PE ratio of 13.45 and a beta of 0.48. The business has a fifty day moving average price of $60.73 and a 200 day moving average price of $57.62.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its holdings in shares of iShares Currency Hedged MSCI Japan ETF by 138.2% in the 4th quarter. JPMorgan Chase & Co. now owns 369,431 shares of the company’s stock valued at $19,468,000 after acquiring an additional 214,312 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. lifted its position in iShares Currency Hedged MSCI Japan ETF by 52.3% during the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 172,172 shares of the company’s stock worth $9,094,000 after acquiring an additional 59,104 shares during the period. Williams Jones Wealth Management LLC. acquired a new stake in iShares Currency Hedged MSCI Japan ETF during the 4th quarter worth approximately $3,507,000. Ascentis Independent Advisors lifted its position in iShares Currency Hedged MSCI Japan ETF by 51.3% during the 1st quarter. Ascentis Independent Advisors now owns 13,628 shares of the company’s stock worth $767,000 after acquiring an additional 4,619 shares during the period. Finally, BNP Paribas Financial Markets acquired a new stake in iShares Currency Hedged MSCI Japan ETF during the 3rd quarter worth approximately $379,000.

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.