iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Shares Up 0.1% – Still a Buy?
by Scott Moore · The Cerbat GemShares of iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ – Get Free Report) shot up 0.1% during trading on Monday . The company traded as high as $66.69 and last traded at $66.41. Approximately 37,898 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 136,758 shares. The stock had previously closed at $66.36.
iShares Currency Hedged MSCI Japan ETF Stock Up 0.1%
The firm’s fifty day moving average price is $63.92 and its two-hundred day moving average price is $60.67. The stock has a market capitalization of $763.72 million, a PE ratio of 13.45 and a beta of 0.49.
Institutional Investors Weigh In On iShares Currency Hedged MSCI Japan ETF
A number of large investors have recently added to or reduced their stakes in HEWJ. JPMorgan Chase & Co. boosted its stake 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 buying an additional 214,312 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in shares of iShares Currency Hedged MSCI Japan ETF by 52.3% in the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 172,172 shares of the company’s stock worth $9,094,000 after acquiring an additional 59,104 shares during the period. Williams Jones Wealth Management LLC. purchased a new stake in iShares Currency Hedged MSCI Japan ETF during the fourth quarter valued at $3,507,000. BNP Paribas Financial Markets purchased a new stake in iShares Currency Hedged MSCI Japan ETF during the third quarter valued at $379,000. Finally, Compass Financial Management LLC purchased a new stake in iShares Currency Hedged MSCI Japan ETF during the second quarter valued at $96,000.
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.