iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Trading Down 1.4% – Time to Sell?

iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) shares were down 1.4% on Thursday . The company traded as low as $41.35 and last traded at $41.35. Approximately 54,499 shares traded hands during mid-day trading, a decline of 30% from the average daily volume of 77,660 shares. The stock had previously closed at $41.92.

iShares Currency Hedged MSCI Japan ETF Trading Down 1.4 %

The firm has a market capitalization of $370.08 million, a price-to-earnings ratio of 17.09 and a beta of 0.70. The stock’s 50-day moving average is $42.45 and its 200-day moving average is $41.78.

Institutional Inflows and Outflows

An institutional investor recently raised its position in iShares Currency Hedged MSCI Japan ETF stock. Rappaport Reiches Capital Management LLC increased its holdings in shares of iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) by 11.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,926 shares of the company’s stock after buying an additional 600 shares during the period. Rappaport Reiches Capital Management LLC owned about 0.07% of iShares Currency Hedged MSCI Japan ETF worth $243,000 at the end of the most recent quarter.

iShares Currency Hedged MSCI Japan ETF Company Profile

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.