WisdomTree Japan Hedged Equity Fund (NYSEARCA:DXJ) Sets New 12-Month High – Should You Buy?

WisdomTree Japan Hedged Equity Fund (NYSEARCA:DXJ) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $179.52 and last traded at $179.9610, with a volume of 459 shares trading hands. The stock had previously closed at $178.51.

WisdomTree Japan Hedged Equity Fund Stock Down 3.6%

The business has a fifty day moving average of $168.70 and a 200 day moving average of $159.82. The company has a market cap of $6.60 billion, a P/E ratio of 12.88 and a beta of 0.39.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DXJ. JPMorgan Chase & Co. lifted its position in shares of WisdomTree Japan Hedged Equity Fund by 1,262.5% in the 4th quarter. JPMorgan Chase & Co. now owns 3,020,941 shares of the exchange traded fund’s stock worth $435,499,000 after purchasing an additional 2,799,228 shares during the period. Morgan Stanley increased its position in shares of WisdomTree Japan Hedged Equity Fund by 3.2% during the fourth quarter. Morgan Stanley now owns 2,301,707 shares of the exchange traded fund’s stock valued at $331,814,000 after buying an additional 71,683 shares during the period. Bank of America Corp DE raised its stake in WisdomTree Japan Hedged Equity Fund by 10.7% in the first quarter. Bank of America Corp DE now owns 1,436,453 shares of the exchange traded fund’s stock worth $227,793,000 after buying an additional 139,317 shares in the last quarter. Bank of Montreal Can raised its stake in WisdomTree Japan Hedged Equity Fund by 24,677.4% in the third quarter. Bank of Montreal Can now owns 621,416 shares of the exchange traded fund’s stock worth $79,560,000 after buying an additional 618,908 shares in the last quarter. Finally, Assetmark Inc. raised its stake in WisdomTree Japan Hedged Equity Fund by 5,308.9% in the first quarter. Assetmark Inc. now owns 507,304 shares of the exchange traded fund’s stock worth $80,448,000 after buying an additional 497,925 shares in the last quarter.

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.