iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Trading Down 1.9%

iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) were down 1.9% on Tuesday . The company traded as low as $41.00 and last traded at $41.14. Approximately 91,954 shares changed hands during trading, a decline of 42% from the average daily volume of 158,430 shares. The stock had previously closed at $41.92.

iShares Currency Hedged MSCI Japan ETF Price Performance

The business has a 50-day moving average of $41.79 and a two-hundred day moving average of $41.55. The company has a market cap of $368.20 million, a P/E ratio of 17.09 and a beta of 0.70.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Tradition Wealth Management LLC grew its position in 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 purchasing an additional 2,250 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of iShares Currency Hedged MSCI Japan ETF by 69.2% in the first quarter. BNP Paribas Financial Markets now owns 14,198 shares of the company’s stock worth $597,000 after buying an additional 5,808 shares during the last quarter. Finally, Hudson Value Partners LLC acquired a new stake in iShares Currency Hedged MSCI Japan ETF during the second quarter worth about $609,000.

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.