iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Sees Unusually-High Trading Volume – Time to Buy?

Shares of iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) saw unusually-strong trading volume on Monday . Approximately 41,704 shares were traded during trading, a decline of 10% from the previous session’s volume of 46,346 shares.The stock last traded at $59.0290 and had previously closed at $58.66.

iShares Currency Hedged MSCI Japan ETF Stock Up 1.4%

The stock has a market cap of $565.35 million, a price-to-earnings ratio of 13.45 and a beta of 0.49. The company’s 50-day moving average is $54.57 and its 200-day moving average is $51.70.

Institutional Trading of iShares Currency Hedged MSCI Japan ETF

Institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its position in iShares Currency Hedged MSCI Japan ETF by 7,286.6% in the third quarter. JPMorgan Chase & Co. now owns 155,119 shares of the company’s stock valued at $7,642,000 after acquiring an additional 153,019 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. bought a new stake in shares of iShares Currency Hedged MSCI Japan ETF in the 3rd quarter worth about $5,570,000. BNP Paribas Financial Markets bought a new stake in shares of iShares Currency Hedged MSCI Japan ETF in the 3rd quarter worth about $379,000. Arkadios Wealth Advisors acquired a new stake in shares of iShares Currency Hedged MSCI Japan ETF during the 2nd quarter worth about $201,000. Finally, Murphy & Mullick Capital Management Corp lifted its holdings in 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 purchasing an additional 358 shares during the last quarter.

iShares Currency Hedged MSCI Japan ETF Company Profile

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.