WisdomTree Japan Hedged Equity Fund (NYSEARCA:DXJ) Reaches New 12-Month High – Still a Buy?

WisdomTree Japan Hedged Equity Fund (NYSEARCA:DXJ) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $147.85 and last traded at $147.62, with a volume of 299773 shares. The stock had previously closed at $147.40.

WisdomTree Japan Hedged Equity Fund Price Performance

The firm has a market cap of $5.23 billion, a PE ratio of 12.88 and a beta of 0.41. The firm has a 50-day simple moving average of $140.49 and a 200 day simple moving average of $129.83.

Institutional Investors Weigh In On WisdomTree Japan Hedged Equity Fund

Hedge funds have recently bought and sold shares of the business. Precedent Wealth Partners LLC increased its stake in shares of WisdomTree Japan Hedged Equity Fund by 22.1% during the fourth quarter. Precedent Wealth Partners LLC now owns 57,151 shares of the exchange traded fund’s stock valued at $8,239,000 after purchasing an additional 10,340 shares in the last quarter. Park Avenue Securities LLC grew its stake in shares of WisdomTree Japan Hedged Equity Fund by 37.7% in the 4th quarter. Park Avenue Securities LLC now owns 5,475 shares of the exchange traded fund’s stock worth $789,000 after buying an additional 1,499 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in WisdomTree Japan Hedged Equity Fund during the 4th quarter valued at approximately $3,199,000. Allworth Financial LP increased its position in WisdomTree Japan Hedged Equity Fund by 16.2% during the 3rd quarter. Allworth Financial LP now owns 725 shares of the exchange traded fund’s stock valued at $93,000 after buying an additional 101 shares in the last quarter. Finally, Cambria Investment Management L.P. purchased a new position in WisdomTree Japan Hedged Equity Fund during the third quarter valued at $364,000.

WisdomTree Japan Hedged Equity Fund Company Profile

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.