iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Sets New 12-Month High – What’s Next?

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

iShares Currency Hedged MSCI Japan ETF Trading Up 0.9%

The business has a fifty day moving average of $61.18 and a 200-day moving average of $57.86. The firm has a market cap of $852.99 million, a PE ratio of 13.45 and a beta of 0.48.

Hedge Funds Weigh In On iShares Currency Hedged MSCI Japan ETF

A number of large investors have recently modified their holdings of the company. Arkadios Wealth Advisors grew its stake in 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 valued at $324,000 after acquiring an additional 700 shares in the last quarter. Ascentis Independent Advisors increased its stake in 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 worth $767,000 after acquiring an additional 4,619 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in shares of iShares Currency Hedged MSCI Japan ETF by 52.3% in 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 acquiring an additional 59,104 shares in the last quarter. Williams Jones Wealth Management LLC. purchased a new stake in shares of iShares Currency Hedged MSCI Japan ETF in the 4th quarter valued at about $3,507,000. Finally, JPMorgan Chase & Co. boosted its position 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 valued at $19,468,000 after acquiring an additional 214,312 shares during 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.