iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Reaches New 12-Month High – Still a Buy?

iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $55.65 and last traded at $55.7550, with a volume of 867 shares traded. The stock had previously closed at $54.13.

iShares Currency Hedged MSCI Japan ETF Trading Up 2.5%

The stock’s 50-day moving average price is $53.51 and its two-hundred day moving average price is $49.90. The stock has a market capitalization of $519.26 million, a P/E ratio of 13.45 and a beta of 0.49.

Institutional Investors Weigh In On iShares Currency Hedged MSCI Japan ETF

Several institutional investors have recently added to or reduced their stakes in HEWJ. OVERSEA CHINESE BANKING Corp Ltd boosted its position in iShares Currency Hedged MSCI Japan ETF by 0.3% during the second quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 89,530 shares of the company’s stock worth $4,010,000 after purchasing an additional 228 shares during the period. Arkadios Wealth Advisors purchased a new stake in shares of iShares Currency Hedged MSCI Japan ETF during the 2nd quarter valued at approximately $201,000. Murphy & Mullick Capital Management Corp grew its stake in iShares Currency Hedged MSCI Japan ETF by 43.6% in the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 1,179 shares of the company’s stock valued at $61,000 after buying an additional 358 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in iShares Currency Hedged MSCI Japan ETF by 7,286.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 155,119 shares of the company’s stock valued at $7,642,000 after acquiring an additional 153,019 shares during the period. Finally, BNP Paribas Financial Markets bought a new stake in iShares Currency Hedged MSCI Japan ETF during the 3rd quarter valued at $379,000.

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.