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

iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $62.09 and last traded at $62.04, with a volume of 24094 shares. The stock had previously closed at $61.28.

iShares Currency Hedged MSCI Japan ETF Trading Up 1.2%

The stock’s 50-day moving average price is $57.95 and its 200-day moving average price is $56.11. The company has a market capitalization of $794.11 million, a P/E ratio of 13.45 and a beta of 0.47.

Institutional Trading of iShares Currency Hedged MSCI Japan ETF

A number of large investors have recently modified their holdings of HEWJ. JPMorgan Chase & Co. increased its holdings in shares of iShares Currency Hedged MSCI Japan ETF by 138.2% in the 4th quarter. JPMorgan Chase & Co. now owns 369,431 shares of the company’s stock worth $19,468,000 after acquiring an additional 214,312 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. acquired a new stake in shares of iShares Currency Hedged MSCI Japan ETF in the 3rd quarter worth about $5,570,000. Williams Jones Wealth Management LLC. acquired a new stake in shares of iShares Currency Hedged MSCI Japan ETF in the 4th quarter worth about $3,507,000. BNP Paribas Financial Markets acquired a new stake in shares of iShares Currency Hedged MSCI Japan ETF in the 3rd quarter worth about $379,000. Finally, Ascentis Independent Advisors increased its holdings 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 worth $767,000 after acquiring an additional 4,619 shares during the period.

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.