iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Hits New 12-Month High – Here’s Why

Shares of iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $61.01 and last traded at $60.77, with a volume of 5409 shares changing hands. The stock had previously closed at $60.19.

iShares Currency Hedged MSCI Japan ETF Stock Up 1.2%

The stock has a market cap of $779.39 million, a price-to-earnings ratio of 13.45 and a beta of 0.47. The company’s 50-day simple moving average is $57.86 and its 200-day simple moving average is $55.85.

Institutional Trading of iShares Currency Hedged MSCI Japan ETF

Several large investors have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. lifted its stake in 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 worth $45,000 after acquiring an additional 218 shares in the last quarter. Murphy & Mullick Capital Management Corp increased its stake in shares of iShares Currency Hedged MSCI Japan ETF by 43.6% during the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 1,179 shares of the company’s stock worth $61,000 after purchasing an additional 358 shares during the last quarter. Arkadios Wealth Advisors raised its holdings in iShares Currency Hedged MSCI Japan ETF by 10.1% during the third quarter. Arkadios Wealth Advisors now owns 4,935 shares of the company’s stock valued at $243,000 after buying an additional 453 shares in the last quarter. Ascentis Independent Advisors raised 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 acquiring an additional 4,619 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new position in shares of iShares Currency Hedged MSCI Japan ETF in the third quarter valued at approximately $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.