iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Sees Strong Trading Volume – Here’s Why

Shares of iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) saw unusually-high trading volume on Friday . Approximately 553,230 shares were traded during trading, an increase of 206% from the previous session’s volume of 180,784 shares.The stock last traded at $62.46 and had previously closed at $62.34.

iShares Currency Hedged MSCI Japan ETF Stock Up 0.2%

The firm has a 50 day simple moving average of $58.99 and a 200-day simple moving average of $56.77. The stock has a market cap of $799.87 million, a P/E ratio of 13.45 and a beta of 0.47.

Institutional Investors Weigh In On iShares Currency Hedged MSCI Japan ETF

Large investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. boosted its holdings in shares of iShares Currency Hedged MSCI Japan ETF by 34.1% in the 4th quarter. SBI Securities Co. Ltd. now owns 857 shares of the company’s stock valued at $45,000 after purchasing an additional 218 shares in the last quarter. Murphy & Mullick Capital Management Corp grew its stake in shares of iShares Currency Hedged MSCI Japan ETF by 43.6% in the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 1,179 shares of the company’s stock valued at $61,000 after buying an additional 358 shares during the period. Arkadios Wealth Advisors grew its stake in shares of iShares Currency Hedged MSCI Japan ETF by 10.1% in the 3rd quarter. Arkadios Wealth Advisors now owns 4,935 shares of the company’s stock valued at $243,000 after buying an additional 453 shares during the period. BNP Paribas Financial Markets acquired a new stake in shares of iShares Currency Hedged MSCI Japan ETF in the 3rd quarter valued at about $379,000. Finally, Ascentis Independent Advisors grew its stake in shares of iShares Currency Hedged MSCI Japan ETF by 51.3% in the 1st quarter. Ascentis Independent Advisors now owns 13,628 shares of the company’s stock valued at $767,000 after buying an additional 4,619 shares during the period.

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.