iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Trading 1% Higher

iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ)’s stock price rose 1% on Wednesday . The stock traded as high as $41.10 and last traded at $41.02. Approximately 27,434 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 153,686 shares. The stock had previously closed at $40.63.

iShares Currency Hedged MSCI Japan ETF Stock Up 1.0 %

The company has a market capitalization of $367.13 million, a price-to-earnings ratio of 17.09 and a beta of 0.70. The business’s 50-day moving average is $40.41 and its 200-day moving average is $41.49.

Hedge Funds Weigh In On iShares Currency Hedged MSCI Japan ETF

Several large investors have recently made changes to their positions in HEWJ. BNP Paribas Financial Markets boosted its position in iShares Currency Hedged MSCI Japan ETF by 69.2% during the first quarter. BNP Paribas Financial Markets now owns 14,198 shares of the company’s stock worth $597,000 after purchasing an additional 5,808 shares in the last quarter. Hudson Value Partners LLC acquired a new position in shares of iShares Currency Hedged MSCI Japan ETF during the 2nd quarter worth approximately $609,000. Finally, Tradition Wealth Management LLC raised its stake in shares of iShares Currency Hedged MSCI Japan ETF by 87.9% during the 4th quarter. Tradition Wealth Management LLC now owns 4,810 shares of the company’s stock worth $168,000 after buying an additional 2,250 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.