WisdomTree Japan Hedged Equity Fund (NYSEARCA:DXJ) Sets New 1-Year High – Still a Buy?

WisdomTree Japan Hedged Equity Fund (NYSEARCA:DXJ)’s share price reached a new 52-week high during mid-day trading on Monday. The stock traded as high as $183.50 and last traded at $183.3060, with a volume of 40076 shares changing hands. The stock had previously closed at $182.03.

WisdomTree Japan Hedged Equity Fund Stock Performance

The firm has a market capitalization of $7.21 billion, a P/E ratio of 12.88 and a beta of 0.42. The stock’s 50 day simple moving average is $178.51 and its 200 day simple moving average is $172.15.

WisdomTree Japan Hedged Equity Fund shares are scheduled to split before the market opens on Friday, October 9th. The 3-1 split was announced on Wednesday, September 16th. The newly created shares will be payable to shareholders after the market closes on Thursday, October 8th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Brown Lisle Cummings Inc. boosted its holdings in WisdomTree Japan Hedged Equity Fund by 1.7% in the 1st quarter. Brown Lisle Cummings Inc. now owns 4,722 shares of the exchange traded fund’s stock valued at $749,000 after purchasing an additional 79 shares during the last quarter. K2 Financial Inc. increased its position in shares of WisdomTree Japan Hedged Equity Fund by 2.3% during the first quarter. K2 Financial Inc. now owns 3,695 shares of the exchange traded fund’s stock valued at $597,000 after acquiring an additional 83 shares during the last quarter. City Center Advisors LLC increased its position in shares of WisdomTree Japan Hedged Equity Fund by 7.0% during the second quarter. City Center Advisors LLC now owns 1,596 shares of the exchange traded fund’s stock valued at $277,000 after acquiring an additional 105 shares during the last quarter. Allworth Financial LP raised its stake in shares of WisdomTree Japan Hedged Equity Fund by 18.4% in the 2nd quarter. Allworth Financial LP now owns 765 shares of the exchange traded fund’s stock valued at $124,000 after acquiring an additional 119 shares during the period. Finally, AdvisorNet Financial Inc lifted its holdings in shares of WisdomTree Japan Hedged Equity Fund by 10.5% in the 1st quarter. AdvisorNet Financial Inc now owns 1,293 shares of the exchange traded fund’s stock worth $205,000 after acquiring an additional 123 shares during the last quarter.

About WisdomTree Japan Hedged Equity Fund

WisdomTree Japan Hedged Equity Fund (the Fund) seeks investment results that closely correspond to the price and yield performance of the WisdomTree Japan Hedged Equity Index (the Index). The Index is designed to provide exposure to Japanese equity markets while at the same time neutralizing exposure to fluctuations of the Japanese Yen movements relative to the United States dollar. In this sense, the Index hedges against fluctuations in the relative value of the yen against the United States dollar.