WisdomTree Japan Hedged Equity Fund (NYSEARCA:DXJ) Reaches New 12-Month High – Should You Buy?

WisdomTree Japan Hedged Equity Fund (NYSEARCA:DXJ)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $171.12 and last traded at $171.1880, with a volume of 41131 shares trading hands. The stock had previously closed at $169.09.

WisdomTree Japan Hedged Equity Fund Stock Up 1.4%

The business’s 50 day moving average is $161.16 and its two-hundred day moving average is $152.45. The firm has a market cap of $6.53 billion, a P/E ratio of 12.88 and a beta of 0.38.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in DXJ. JPMorgan Chase & Co. grew its holdings in WisdomTree Japan Hedged Equity Fund by 1,262.5% in the fourth quarter. JPMorgan Chase & Co. now owns 3,020,941 shares of the exchange traded fund’s stock worth $435,499,000 after purchasing an additional 2,799,228 shares during the period. Morgan Stanley lifted its stake in WisdomTree Japan Hedged Equity Fund by 3.2% during the 4th quarter. Morgan Stanley now owns 2,301,707 shares of the exchange traded fund’s stock valued at $331,814,000 after acquiring an additional 71,683 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of WisdomTree Japan Hedged Equity Fund by 24,677.4% in the third quarter. Bank of Montreal Can now owns 621,416 shares of the exchange traded fund’s stock valued at $79,560,000 after purchasing an additional 618,908 shares during the last quarter. Assetmark Inc. lifted its position in shares of WisdomTree Japan Hedged Equity Fund by 5,308.9% during the first quarter. Assetmark Inc. now owns 507,304 shares of the exchange traded fund’s stock valued at $80,448,000 after purchasing an additional 497,925 shares in the last quarter. Finally, LPL Financial LLC boosted its holdings in WisdomTree Japan Hedged Equity Fund by 4.1% during the fourth quarter. LPL Financial LLC now owns 498,977 shares of the exchange traded fund’s stock worth $71,932,000 after purchasing an additional 19,606 shares during the last quarter.

WisdomTree Japan Hedged Equity Fund Company Profile

WisdomTree Japan Hedged Equity Fund (the Fund) seeks investment results that closely correspond to the price and yield performance of the WisdomTree Japan Hedged Equity Index (the Index). The Index is designed to provide exposure to Japanese equity markets while at the same time neutralizing exposure to fluctuations of the Japanese Yen movements relative to the United States dollar. In this sense, the Index hedges against fluctuations in the relative value of the yen against the United States dollar.