iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Sets New 52-Week High – Time to Buy?

iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $57.44 and last traded at $57.31, with a volume of 4056 shares. The stock had previously closed at $56.42.

iShares Currency Hedged MSCI Japan ETF Price Performance

The company has a market capitalization of $557.27 million, a P/E ratio of 13.45 and a beta of 0.49. The firm has a fifty day moving average price of $54.57 and a 200-day moving average price of $51.61.

Institutional Investors Weigh In On iShares Currency Hedged MSCI Japan ETF

Several large investors have recently made changes to their positions in the business. SBI Securities Co. Ltd. boosted its holdings in shares of iShares Currency Hedged MSCI Japan ETF by 34.1% in the 4th quarter. SBI Securities Co. Ltd. now owns 857 shares of the company’s stock worth $45,000 after buying an additional 218 shares during the last quarter. JPMorgan Chase & Co. raised its position in iShares Currency Hedged MSCI Japan ETF by 7,286.6% in the third quarter. JPMorgan Chase & Co. now owns 155,119 shares of the company’s stock worth $7,642,000 after acquiring an additional 153,019 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. purchased a new position in iShares Currency Hedged MSCI Japan ETF in the third quarter valued at about $5,570,000. BNP Paribas Financial Markets bought a new position in shares of iShares Currency Hedged MSCI Japan ETF during the 3rd quarter valued at approximately $379,000. Finally, Murphy & Mullick Capital Management Corp grew its position in shares of iShares Currency Hedged MSCI Japan ETF by 43.6% during the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 1,179 shares of the company’s stock valued at $61,000 after acquiring an additional 358 shares during the period.

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.