iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Hits New 1-Year High – Here’s Why

iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $62.60 and last traded at $62.50, with a volume of 2157 shares. The stock had previously closed at $61.30.

iShares Currency Hedged MSCI Japan ETF Stock Performance

The firm’s fifty day simple moving average is $58.64 and its 200 day simple moving average is $56.57. The firm has a market cap of $798.85 million, a P/E ratio of 13.45 and a beta of 0.47.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Arkadios Wealth Advisors boosted its holdings in shares of iShares Currency Hedged MSCI Japan ETF by 13.9% during the 1st quarter. Arkadios Wealth Advisors now owns 5,753 shares of the company’s stock valued at $324,000 after purchasing an additional 700 shares during the last quarter. Ascentis Independent Advisors boosted its holdings in shares of iShares Currency Hedged MSCI Japan ETF by 51.3% during the 1st quarter. Ascentis Independent Advisors now owns 13,628 shares of the company’s stock valued at $767,000 after purchasing an additional 4,619 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. boosted its holdings 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 purchasing an additional 59,104 shares during the last quarter. Williams Jones Wealth Management LLC. bought a new position in shares of iShares Currency Hedged MSCI Japan ETF during the 4th quarter valued at about $3,507,000. Finally, JPMorgan Chase & Co. boosted its holdings 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 purchasing 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.