iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Reaches New 12-Month High – Still a Buy?

iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) shares reached a new 52-week high during trading on Monday . The stock traded as high as $66.92 and last traded at $66.75, with a volume of 7665 shares changing hands. The stock had previously closed at $66.02.

iShares Currency Hedged MSCI Japan ETF Trading Down 4.6%

The firm has a 50 day simple moving average of $61.42 and a two-hundred day simple moving average of $58.03. The company has a market capitalization of $813.82 million, a PE ratio of 13.45 and a beta of 0.48.

Institutional Investors Weigh In On iShares Currency Hedged MSCI Japan ETF

Hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its stake in shares of 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 buying an additional 214,312 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. purchased a new stake in shares of iShares Currency Hedged MSCI Japan ETF in the third quarter valued at approximately $5,570,000. Williams Jones Wealth Management LLC. purchased a new position in iShares Currency Hedged MSCI Japan ETF in the fourth quarter worth $3,507,000. BNP Paribas Financial Markets purchased a new position in iShares Currency Hedged MSCI Japan ETF in the third quarter worth $379,000. Finally, Ascentis Independent Advisors raised its position in iShares Currency Hedged MSCI Japan ETF by 51.3% in the first quarter. Ascentis Independent Advisors now owns 13,628 shares of the company’s stock worth $767,000 after acquiring an additional 4,619 shares in 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.