iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Stock Price Up 1.6% – Still a Buy?

Shares of iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) traded up 1.6% on Thursday . The stock traded as high as $42.87 and last traded at $42.85. 58,062 shares changed hands during mid-day trading, a decline of 54% from the average session volume of 126,787 shares. The stock had previously closed at $42.16.

iShares Currency Hedged MSCI Japan ETF Trading Up 0.7 %

The business has a 50-day moving average price of $42.26 and a 200-day moving average price of $41.78. The firm has a market cap of $386.01 million, a P/E ratio of 17.09 and a beta of 0.70.

Institutional Trading of iShares Currency Hedged MSCI Japan ETF

An institutional investor recently raised its position in iShares Currency Hedged MSCI Japan ETF stock. Rappaport Reiches Capital Management LLC increased its holdings in shares of iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) by 11.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,926 shares of the company’s stock after buying an additional 600 shares during the quarter. Rappaport Reiches Capital Management LLC owned 0.07% of iShares Currency Hedged MSCI Japan ETF worth $243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.