iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Reaches New 1-Year High – Still a Buy?

iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) shares reached a new 52-week high on Tuesday . The stock traded as high as $59.62 and last traded at $59.51, with a volume of 110930 shares traded. The stock had previously closed at $58.66.

iShares Currency Hedged MSCI Japan ETF Stock Up 1.4%

The company has a market capitalization of $565.35 million, a price-to-earnings ratio of 13.45 and a beta of 0.49. The stock has a 50 day simple moving average of $54.69 and a 200 day simple moving average of $51.80.

Institutional Investors Weigh In On iShares Currency Hedged MSCI Japan ETF

Several large investors have recently added to or reduced their stakes in HEWJ. JPMorgan Chase & Co. boosted its holdings in shares of iShares Currency Hedged MSCI Japan ETF by 7,286.6% during the third quarter. JPMorgan Chase & Co. now owns 155,119 shares of the company’s stock valued at $7,642,000 after acquiring an additional 153,019 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. OVERSEA CHINESE BANKING Corp Ltd lifted its position in iShares Currency Hedged MSCI Japan ETF by 0.3% in the 2nd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 89,530 shares of the company’s stock valued at $4,010,000 after purchasing an additional 228 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in iShares Currency Hedged MSCI Japan ETF during the 3rd quarter valued at about $379,000. Finally, Arkadios Wealth Advisors grew its position in iShares Currency Hedged MSCI Japan ETF by 10.1% in the 3rd quarter. Arkadios Wealth Advisors now owns 4,935 shares of the company’s stock worth $243,000 after purchasing an additional 453 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.