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

iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $56.28 and last traded at $56.28, with a volume of 22945 shares trading hands. The stock had previously closed at $55.95.

iShares Currency Hedged MSCI Japan ETF Stock Up 0.6%

The firm has a 50 day simple moving average of $53.73 and a two-hundred day simple moving average of $50.27. The stock has a market capitalization of $531.85 million, a P/E ratio of 13.45 and a beta of 0.49.

Institutional Trading of iShares Currency Hedged MSCI Japan ETF

Several large investors have recently bought and sold shares of HEWJ. OVERSEA CHINESE BANKING Corp Ltd raised its stake in iShares Currency Hedged MSCI Japan ETF by 0.3% during the second quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 89,530 shares of the company’s stock worth $4,010,000 after acquiring an additional 228 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 3rd quarter. Murphy & Mullick Capital Management Corp now owns 1,179 shares of the company’s stock valued at $61,000 after purchasing an additional 358 shares during the last quarter. Arkadios Wealth Advisors grew its holdings in shares of iShares Currency Hedged MSCI Japan ETF by 10.1% during the 3rd quarter. Arkadios Wealth Advisors now owns 4,935 shares of the company’s stock valued at $243,000 after purchasing an additional 453 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in iShares Currency Hedged MSCI Japan ETF during the 3rd quarter worth approximately $379,000. Finally, Banco Bilbao Vizcaya Argentaria S.A. bought a new position in iShares Currency Hedged MSCI Japan ETF in the 3rd quarter valued at approximately $5,570,000.

About iShares Currency Hedged MSCI Japan ETF

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.