iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Stock Price Up 0.4% – Here’s Why

iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ)’s share price rose 0.4% during trading on Friday . The company traded as high as $41.83 and last traded at $41.62. Approximately 48,391 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 141,351 shares. The stock had previously closed at $41.45.

iShares Currency Hedged MSCI Japan ETF Stock Up 0.4 %

The business has a 50 day simple moving average of $41.08 and a 200 day simple moving average of $41.56. The company has a market capitalization of $372.50 million, a PE ratio of 17.09 and a beta of 0.70.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of HEWJ. Rappaport Reiches Capital Management LLC grew its holdings in iShares Currency Hedged MSCI Japan ETF by 11.3% during the third quarter. Rappaport Reiches Capital Management LLC now owns 5,926 shares of the company’s stock worth $243,000 after acquiring an additional 600 shares during the period. Hudson Value Partners LLC acquired a new stake in iShares Currency Hedged MSCI Japan ETF during the second quarter worth about $609,000. Finally, BNP Paribas Financial Markets grew its holdings 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 acquiring an additional 5,808 shares during the period.

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.