iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Shares Down 0.4% – Here’s What Happened

iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) traded down 0.4% during mid-day trading on Friday . The company traded as low as $42.71 and last traded at $42.83. 14,040 shares traded hands during trading, a decline of 86% from the average session volume of 103,060 shares. The stock had previously closed at $43.02.

iShares Currency Hedged MSCI Japan ETF Price Performance

The business’s 50 day moving average price is $41.17 and its 200 day moving average price is $41.97. The stock has a market capitalization of $370.48 million, a P/E ratio of 13.45 and a beta of 0.60.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Rappaport Reiches Capital Management LLC lifted its stake in shares of iShares Currency Hedged MSCI Japan ETF by 11.8% in the 4th quarter. Rappaport Reiches Capital Management LLC now owns 6,625 shares of the company’s stock worth $282,000 after purchasing an additional 699 shares during the period. Jones Financial Companies Lllp raised its position in iShares Currency Hedged MSCI Japan ETF by 69.1% in the fourth quarter. Jones Financial Companies Lllp now owns 40,609 shares of the company’s stock worth $1,731,000 after acquiring an additional 16,596 shares during the period. SBI Securities Co. Ltd. bought a new position in iShares Currency Hedged MSCI Japan ETF in the fourth quarter worth approximately $90,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of iShares Currency Hedged MSCI Japan ETF during the 4th quarter worth $35,000. Finally, BNP Paribas Financial Markets bought a new stake in shares of iShares Currency Hedged MSCI Japan ETF during the 4th quarter valued at $614,000.

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.