WisdomTree Japan Hedged Equity Fund (NYSEARCA:DXJ) Stock Breaks Below 200-Day Moving Average – Here’s Why

WisdomTree Japan Hedged Equity Fund (NYSEARCA:DXJ) passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $56.80 and traded as low as $56.31. WisdomTree Japan Hedged Equity Fund shares last traded at $56.40, with a volume of 1,863,436 shares traded.

WisdomTree Japan Hedged Equity Fund Price Performance

The firm has a market capitalization of $6.75 billion, a PE ratio of 12.88 and a beta of 0.46. The business has a 50-day simple moving average of $59.67 and a 200-day simple moving average of $56.80.

Hedge Funds Weigh In On WisdomTree Japan Hedged Equity Fund

Large investors have recently modified their holdings of the stock. Bank of America Corp DE lifted its holdings in WisdomTree Japan Hedged Equity Fund by 10.7% during the 1st quarter. Bank of America Corp DE now owns 1,436,453 shares of the exchange traded fund’s stock valued at $227,793,000 after buying an additional 139,317 shares in the last quarter. Assetmark Inc. grew its stake in WisdomTree Japan Hedged Equity Fund by 5,308.9% in the 1st quarter. Assetmark Inc. now owns 507,304 shares of the exchange traded fund’s stock worth $80,448,000 after acquiring an additional 497,925 shares in the last quarter. Evercore Wealth Management LLC grew its stake in WisdomTree Japan Hedged Equity Fund by 6.2% in the 1st quarter. Evercore Wealth Management LLC now owns 307,624 shares of the exchange traded fund’s stock worth $48,783,000 after acquiring an additional 17,963 shares in the last quarter. Ayalon Insurance Comp Ltd. grew its stake in WisdomTree Japan Hedged Equity Fund by 37.9% in the 3rd quarter. Ayalon Insurance Comp Ltd. now owns 270,047 shares of the exchange traded fund’s stock worth $48,757,000 after acquiring an additional 74,262 shares in the last quarter. Finally, Rice Partnership LLC increased its position in shares of WisdomTree Japan Hedged Equity Fund by 5.3% during the first quarter. Rice Partnership LLC now owns 192,665 shares of the exchange traded fund’s stock worth $30,553,000 after acquiring an additional 9,749 shares during the period.

About WisdomTree Japan Hedged Equity Fund

WisdomTree Japan Hedged Equity Fund (the Fund) seeks investment results that closely correspond to the price and yield performance of the WisdomTree Japan Hedged Equity Index (the Index). The Index is designed to provide exposure to Japanese equity markets while at the same time neutralizing exposure to fluctuations of the Japanese Yen movements relative to the United States dollar. In this sense, the Index hedges against fluctuations in the relative value of the yen against the United States dollar.