iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Reaches New 1-Year High – Should You Buy?

Shares of iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $61.01 and last traded at $60.77, with a volume of 5409 shares. The stock had previously closed at $60.19.

iShares Currency Hedged MSCI Japan ETF Trading Up 1.2%

The company has a market capitalization of $779.39 million, a PE ratio of 13.45 and a beta of 0.47. The company’s 50 day moving average price is $57.86 and its 200-day moving average price is $55.85.

Institutional Trading of iShares Currency Hedged MSCI Japan ETF

Several large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in shares of iShares Currency Hedged MSCI Japan ETF by 138.2% in the fourth quarter. JPMorgan Chase & Co. now owns 369,431 shares of the company’s stock valued at $19,468,000 after purchasing an additional 214,312 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. grew its stake in shares of iShares Currency Hedged MSCI Japan ETF by 52.3% in the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 172,172 shares of the company’s stock worth $9,094,000 after purchasing an additional 59,104 shares in the last quarter. Williams Jones Wealth Management LLC. acquired a new position in shares of iShares Currency Hedged MSCI Japan ETF during the fourth quarter valued at $3,507,000. Ascentis Independent Advisors raised its stake in shares of iShares Currency Hedged MSCI Japan ETF by 51.3% during the first 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 in the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in iShares Currency Hedged MSCI Japan ETF in the third quarter worth about $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.