iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Hits New 12-Month High – Here’s What Happened

iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $62.60 and last traded at $62.50, with a volume of 2157 shares changing hands. The stock had previously closed at $61.30.

iShares Currency Hedged MSCI Japan ETF Price Performance

The business’s 50-day moving average price is $58.88 and its two-hundred day moving average price is $56.70. The company has a market capitalization of $796.42 million, a price-to-earnings ratio of 13.45 and a beta of 0.47.

Hedge Funds Weigh In On iShares Currency Hedged MSCI Japan ETF

Large investors have recently bought and sold shares of the stock. Banco Bilbao Vizcaya Argentaria S.A. purchased a new stake in shares of iShares Currency Hedged MSCI Japan ETF during the third quarter valued at approximately $5,570,000. JPMorgan Chase & Co. raised its stake in shares of iShares Currency Hedged MSCI Japan ETF by 7,286.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 155,119 shares of the company’s stock valued at $7,642,000 after purchasing an additional 153,019 shares during the period. Murphy & Mullick Capital Management Corp lifted its holdings in iShares Currency Hedged MSCI Japan ETF by 43.6% during the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 1,179 shares of the company’s stock worth $61,000 after purchasing an additional 358 shares in the last quarter. Arkadios Wealth Advisors boosted its stake in 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 purchasing an additional 453 shares during the period. Finally, Williams Jones Wealth Management LLC. bought a new stake in shares of iShares Currency Hedged MSCI Japan ETF during the fourth quarter valued at about $3,507,000.

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.