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

iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) saw unusually-strong trading volume on Thursday . 1,443,150 shares were traded during mid-day trading, an increase of 931% from the previous session’s volume of 139,990 shares.The stock last traded at $64.3230 and had previously closed at $64.79.

iShares Currency Hedged MSCI Japan ETF Trading Up 0.0%

The business has a 50-day moving average price of $64.08 and a 200-day moving average price of $61.26. The stock has a market cap of $745.32 million, a PE ratio of 13.45 and a beta of 0.49.

Institutional Investors Weigh In On iShares Currency Hedged MSCI Japan ETF

Large investors have recently made changes to their positions in the stock. Compass Financial Management LLC acquired a new stake in shares of iShares Currency Hedged MSCI Japan ETF during the 2nd quarter worth approximately $96,000. JPMorgan Chase & Co. grew its position in shares of iShares Currency Hedged MSCI Japan ETF by 7,286.6% during the third quarter. JPMorgan Chase & Co. now owns 155,119 shares of the company’s stock worth $7,642,000 after buying an additional 153,019 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in iShares Currency Hedged MSCI Japan ETF by 52.3% during the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 172,172 shares of the company’s stock worth $9,094,000 after acquiring an additional 59,104 shares in the last quarter. Williams Jones Wealth Management LLC. purchased a new position in iShares Currency Hedged MSCI Japan ETF in the fourth quarter valued at $3,507,000. Finally, BNP Paribas Financial Markets purchased a new stake in iShares Currency Hedged MSCI Japan ETF during the third quarter worth approximately $379,000.

About iShares Currency Hedged MSCI Japan ETF

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.