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

Shares of iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) hit a new 52-week high on Tuesday . The company traded as high as $60.94 and last traded at $59.53, with a volume of 5772081 shares. The stock had previously closed at $60.41.

iShares Currency Hedged MSCI Japan ETF Trading Up 1.9%

The company’s 50-day moving average is $56.62 and its 200 day moving average is $53.30. The stock has a market capitalization of $553.76 million, a PE ratio of 13.45 and a beta of 0.49.

Hedge Funds Weigh In On iShares Currency Hedged MSCI Japan ETF

Several hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in iShares Currency Hedged MSCI Japan ETF by 138.2% during the 4th quarter. JPMorgan Chase & Co. now owns 369,431 shares of the company’s stock worth $19,468,000 after acquiring an additional 214,312 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. purchased a new position in shares of iShares Currency Hedged MSCI Japan ETF in the third quarter worth about $5,570,000. Williams Jones Wealth Management LLC. purchased a new position in shares of iShares Currency Hedged MSCI Japan ETF in the fourth quarter worth about $3,507,000. BNP Paribas Financial Markets acquired a new stake in shares of iShares Currency Hedged MSCI Japan ETF during the third quarter worth about $379,000. Finally, Arkadios Wealth Advisors purchased a new stake in iShares Currency Hedged MSCI Japan ETF in the second quarter valued at approximately $201,000.

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.