iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Stock Price Up 0.2% – Time to Buy?

iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ)’s share price were up 0.2% during mid-day trading on Tuesday. The stock traded as high as $63.03 and last traded at $62.67. 156,530 shares traded hands during mid-day trading, an increase of 29% from the average session volume of 120,896 shares. The stock had previously closed at $62.54.

iShares Currency Hedged MSCI Japan ETF Stock Performance

The firm has a market capitalization of $594 million, a P/E ratio of 13.45 and a beta of 0.55. The stock’s 50 day simple moving average is $64.50 and its 200 day simple moving average is $61.56.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of HEWJ. Ascentis Independent Advisors boosted its position in iShares Currency Hedged MSCI Japan ETF by 51.3% in the first quarter. Ascentis Independent Advisors now owns 13,628 shares of the company’s stock valued at $767,000 after buying an additional 4,619 shares during the last quarter. Compass Financial Management LLC purchased a new position in iShares Currency Hedged MSCI Japan ETF during the 2nd quarter worth approximately $96,000. Finally, Arkadios Wealth Advisors raised its position in 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 worth $324,000 after buying an additional 700 shares during the last quarter.

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.