iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Sees Strong Trading Volume – Still a Buy?

Shares of iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) saw strong trading volume on Wednesday . Approximately 269,901 shares traded hands during mid-day trading, an increase of 103% from the previous session’s volume of 132,645 shares.The stock last traded at $64.72 and had previously closed at $64.62.

iShares Currency Hedged MSCI Japan ETF Stock Down 0.1%

The firm has a market cap of $742.33 million, a PE ratio of 13.45 and a beta of 0.49. The company’s 50 day moving average price is $64.10 and its two-hundred day moving average price is $61.02.

Institutional Trading of iShares Currency Hedged MSCI Japan ETF

Several institutional investors have recently added to or reduced their stakes in HEWJ. SBI Securities Co. Ltd. increased its stake in 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 period. Compass Financial Management LLC purchased a new stake in iShares Currency Hedged MSCI Japan ETF in the second quarter worth about $96,000. Arkadios Wealth Advisors grew its holdings in iShares Currency Hedged MSCI Japan ETF by 13.9% during the 1st quarter. Arkadios Wealth Advisors now owns 5,753 shares of the company’s stock worth $324,000 after acquiring an additional 700 shares in the last quarter. BNP Paribas Financial Markets bought a new position in iShares Currency Hedged MSCI Japan ETF during the 3rd quarter worth about $379,000. Finally, Ascentis Independent Advisors increased its position in iShares Currency Hedged MSCI Japan ETF by 51.3% during the 1st quarter. Ascentis Independent Advisors now owns 13,628 shares of the company’s stock valued at $767,000 after purchasing an additional 4,619 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.