iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Sets New 1-Year High – Here’s What Happened

iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $64.13 and last traded at $63.99, with a volume of 7101 shares changing hands. The stock had previously closed at $62.83.

iShares Currency Hedged MSCI Japan ETF Price Performance

The stock has a market cap of $820.99 million, a price-to-earnings ratio of 13.45 and a beta of 0.48. The stock’s 50-day moving average is $60.45 and its 200 day moving average is $57.47.

Institutional Investors Weigh In On iShares Currency Hedged MSCI Japan ETF

Hedge funds have recently added to or reduced their stakes in the company. Banco Bilbao Vizcaya Argentaria S.A. acquired a new stake in iShares Currency Hedged MSCI Japan ETF in the third quarter valued at about $5,570,000. JPMorgan Chase & Co. lifted its position in iShares Currency Hedged MSCI Japan ETF by 7,286.6% in the third 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 position in iShares Currency Hedged MSCI Japan ETF by 43.6% in the third quarter. Murphy & Mullick Capital Management Corp now owns 1,179 shares of the company’s stock valued at $61,000 after purchasing an additional 358 shares during the period. Williams Jones Wealth Management LLC. acquired a new stake in iShares Currency Hedged MSCI Japan ETF in the fourth quarter valued at about $3,507,000. Finally, BNP Paribas Financial Markets acquired a new stake in shares of iShares Currency Hedged MSCI Japan ETF during the 3rd quarter valued at approximately $379,000.

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.