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

iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) reached a new 52-week high during trading on Thursday . The company traded as high as $62.09 and last traded at $62.04, with a volume of 24094 shares trading hands. The stock had previously closed at $61.28.

iShares Currency Hedged MSCI Japan ETF Trading Up 1.2%

The stock’s 50-day moving average price is $57.95 and its 200-day moving average price is $56.11. The company has a market capitalization of $794.11 million, a P/E ratio of 13.45 and a beta of 0.47.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HEWJ. SBI Securities Co. Ltd. lifted its position 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. Murphy & Mullick Capital Management Corp lifted its position in shares of iShares Currency Hedged MSCI Japan ETF by 43.6% in the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 1,179 shares of the company’s stock worth $61,000 after buying an additional 358 shares during the last quarter. Arkadios Wealth Advisors lifted its position in shares of 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 buying an additional 453 shares during the last quarter. BNP Paribas Financial Markets bought a new position in shares of iShares Currency Hedged MSCI Japan ETF in the 3rd quarter worth about $379,000. Finally, Ascentis Independent Advisors lifted its position in shares of iShares Currency Hedged MSCI Japan ETF by 51.3% in the 1st quarter. Ascentis Independent Advisors now owns 13,628 shares of the company’s stock worth $767,000 after buying 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.