iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Stock Price Down 1.4% – Here’s What Happened

iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) were down 1.4% during trading on Thursday . The stock traded as low as $41.35 and last traded at $41.35. Approximately 54,499 shares traded hands during trading, a decline of 30% from the average daily volume of 77,660 shares. The stock had previously closed at $41.92.

iShares Currency Hedged MSCI Japan ETF Price Performance

The stock has a market cap of $373.84 million, a price-to-earnings ratio of 17.09 and a beta of 0.70. The company’s 50 day moving average is $42.43 and its 200 day moving average is $41.77.

Institutional Trading of iShares Currency Hedged MSCI Japan ETF

A hedge fund recently raised its stake in iShares Currency Hedged MSCI Japan ETF stock. Rappaport Reiches Capital Management LLC lifted its position in shares of iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) by 11.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,926 shares of the company’s stock after buying an additional 600 shares during the quarter. Rappaport Reiches Capital Management LLC owned approximately 0.07% of iShares Currency Hedged MSCI Japan ETF worth $243,000 at the end of the most recent quarter.

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.