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

iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) reached a new 52-week high on Monday . The company traded as high as $64.13 and last traded at $63.99, with a volume of 7101 shares. The stock had previously closed at $62.83.

iShares Currency Hedged MSCI Japan ETF Stock Performance

The company has a 50 day simple moving average of $60.45 and a 200 day simple moving average of $57.47. The company has a market capitalization of $820.99 million, a PE ratio of 13.45 and a beta of 0.48.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. raised its stake in 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 buying an additional 218 shares in the last quarter. Murphy & Mullick Capital Management Corp grew its holdings in shares of iShares Currency Hedged MSCI Japan ETF by 43.6% during the third 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 during the last quarter. Arkadios Wealth Advisors grew its holdings in shares of iShares Currency Hedged MSCI Japan ETF by 13.9% during the first quarter. Arkadios Wealth Advisors now owns 5,753 shares of the company’s stock worth $324,000 after buying an additional 700 shares during the last quarter. Ascentis Independent Advisors grew its holdings in shares of iShares Currency Hedged MSCI Japan ETF by 51.3% during the first quarter. Ascentis Independent Advisors now owns 13,628 shares of the company’s stock worth $767,000 after buying an additional 4,619 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in shares of iShares Currency Hedged MSCI Japan ETF during the third quarter worth about $379,000.

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.