WisdomTree Japan Hedged Equity Fund (NYSEARCA:DXJ) Stock Breaks Below 200-Day Moving Average – Here’s Why

WisdomTree Japan Hedged Equity Fund (NYSEARCA:DXJ) shares passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $56.80 and traded as low as $56.31. WisdomTree Japan Hedged Equity Fund shares last traded at $56.40, with a volume of 1,863,436 shares.

WisdomTree Japan Hedged Equity Fund Trading Down 5.6%

The stock has a 50-day simple moving average of $59.67 and a two-hundred day simple moving average of $56.80. The firm has a market capitalization of $6.75 billion, a P/E ratio of 12.88 and a beta of 0.46.

Hedge Funds Weigh In On WisdomTree Japan Hedged Equity Fund

Institutional investors have recently made changes to their positions in the company. Assetmark Inc. raised its holdings in shares of WisdomTree Japan Hedged Equity Fund by 5,308.9% in the first quarter. Assetmark Inc. now owns 507,304 shares of the exchange traded fund’s stock valued at $80,448,000 after acquiring an additional 497,925 shares in the last quarter. Bank of America Corp DE lifted its stake in WisdomTree Japan Hedged Equity Fund by 10.7% in the first quarter. Bank of America Corp DE now owns 1,436,453 shares of the exchange traded fund’s stock worth $227,793,000 after acquiring an additional 139,317 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its holdings in WisdomTree Japan Hedged Equity Fund by 527.7% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 137,735 shares of the exchange traded fund’s stock worth $21,842,000 after acquiring an additional 115,792 shares in the last quarter. Ayalon Insurance Comp Ltd. grew its holdings in WisdomTree Japan Hedged Equity Fund by 37.9% during the 3rd quarter. Ayalon Insurance Comp Ltd. now owns 270,047 shares of the exchange traded fund’s stock worth $48,757,000 after acquiring an additional 74,262 shares in the last quarter. Finally, Greenleaf Trust bought a new position in WisdomTree Japan Hedged Equity Fund during the 2nd quarter worth about $3,874,000.

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.