iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Reaches New 12-Month High – What’s Next?

Shares of iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) hit a new 52-week high during trading on Tuesday. The company traded as high as $67.17 and last traded at $67.19, with a volume of 4957 shares traded. The stock had previously closed at $66.78.

iShares Currency Hedged MSCI Japan ETF Stock Down 1.0%

The company has a market capitalization of $658.19 million, a P/E ratio of 13.45 and a beta of 0.51. The firm has a 50-day moving average price of $64.74 and a two-hundred day moving average price of $62.47.

Hedge Funds Weigh In On iShares Currency Hedged MSCI Japan ETF

Large investors have recently bought and sold shares of the stock. Arkadios Wealth Advisors lifted its stake in shares of iShares Currency Hedged MSCI Japan ETF by 13.9% in the first quarter. Arkadios Wealth Advisors now owns 5,753 shares of the company’s stock valued at $324,000 after buying an additional 700 shares during the period. Compass Financial Management LLC bought a new position in iShares Currency Hedged MSCI Japan ETF during the second quarter valued at about $96,000. Finally, Ascentis Independent Advisors increased its stake in 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 acquiring an additional 4,619 shares during the period.

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.