iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Hits New 52-Week High – Time to Buy?

iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) reached a new 52-week high on Wednesday . The stock traded as high as $60.51 and last traded at $60.4650, with a volume of 25532 shares trading hands. The stock had previously closed at $59.51.

iShares Currency Hedged MSCI Japan ETF Trading Up 1.7%

The stock has a 50 day simple moving average of $55.93 and a 200-day simple moving average of $52.86. The firm has a market capitalization of $575.13 million, a P/E ratio of 13.45 and a beta of 0.49.

Institutional Investors Weigh In On iShares Currency Hedged MSCI Japan ETF

Institutional investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. grew its holdings in shares of iShares Currency Hedged MSCI Japan ETF by 34.1% in the fourth 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 worth $61,000 after buying an additional 358 shares in the last quarter. Arkadios Wealth Advisors increased its holdings 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 worth $243,000 after buying an additional 453 shares during the last quarter. 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. Finally, Banco Bilbao Vizcaya Argentaria S.A. raised its position in shares of iShares Currency Hedged MSCI Japan ETF by 52.3% during the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 172,172 shares of the company’s stock valued at $9,094,000 after buying an additional 59,104 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.