iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Shares Climb 0.2% – Here’s Why

iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ)’s share price traded up 0.2% on Tuesday. The company traded as high as $63.03 and last traded at $62.67. Approximately 156,530 shares traded hands during mid-day trading, an increase of 29% from the average session volume of 120,896 shares. The stock had previously closed at $62.54.

iShares Currency Hedged MSCI Japan ETF Trading Up 0.2%

The stock’s 50-day moving average is $64.63 and its 200-day moving average is $61.51. The stock has a market cap of $626.70 million, a price-to-earnings ratio of 13.45 and a beta of 0.51.

Institutional Trading of iShares Currency Hedged MSCI Japan ETF

A number of hedge funds have recently made changes to their positions in the stock. Arkadios Wealth Advisors raised its stake in iShares Currency Hedged MSCI Japan ETF by 13.9% during the first quarter. Arkadios Wealth Advisors now owns 5,753 shares of the company’s stock valued at $324,000 after buying an additional 700 shares in the last quarter. Compass Financial Management LLC acquired a new stake in iShares Currency Hedged MSCI Japan ETF during the second quarter worth about $96,000. Finally, Ascentis Independent Advisors lifted its holdings in iShares Currency Hedged MSCI Japan ETF by 51.3% in the first quarter. Ascentis Independent Advisors now owns 13,628 shares of the company’s stock worth $767,000 after acquiring an additional 4,619 shares during the last 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.