WisdomTree Japan Hedged Equity Fund (NYSEARCA:DXJ) Reaches New 1-Year High – What’s Next?

WisdomTree Japan Hedged Equity Fund (NYSEARCA:DXJ)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $160.41 and last traded at $159.6630, with a volume of 101728 shares changing hands. The stock had previously closed at $156.38.

WisdomTree Japan Hedged Equity Fund Stock Performance

The company’s 50-day moving average price is $147.94 and its 200-day moving average price is $135.81. The firm has a market capitalization of $6.22 billion, a PE ratio of 12.88 and a beta of 0.41.

Institutional Trading of WisdomTree Japan Hedged Equity Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC boosted its position in shares of WisdomTree Japan Hedged Equity Fund by 179.9% in the 2nd quarter. Janney Montgomery Scott LLC now owns 27,545 shares of the exchange traded fund’s stock valued at $3,148,000 after purchasing an additional 17,704 shares during the period. Truist Financial Corp grew its position in shares of WisdomTree Japan Hedged Equity Fund by 49.0% during the second quarter. Truist Financial Corp now owns 23,813 shares of the exchange traded fund’s stock worth $2,721,000 after acquiring an additional 7,829 shares during the last quarter. Kingswood Wealth Advisors LLC increased its holdings in shares of WisdomTree Japan Hedged Equity Fund by 71.0% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 4,803 shares of the exchange traded fund’s stock valued at $549,000 after acquiring an additional 1,995 shares during the period. Ignite Planners LLC purchased a new stake in WisdomTree Japan Hedged Equity Fund in the 2nd quarter valued at $207,000. Finally, Eagle Strategies LLC raised its position in WisdomTree Japan Hedged Equity Fund by 6.7% in the 2nd quarter. Eagle Strategies LLC now owns 3,362 shares of the exchange traded fund’s stock valued at $384,000 after purchasing an additional 210 shares during the last quarter.

About WisdomTree Japan Hedged Equity Fund

WisdomTree Japan Hedged Equity Fund (the Fund) seeks investment results that closely correspond to the price and yield performance of the WisdomTree Japan Hedged Equity Index (the Index). The Index is designed to provide exposure to Japanese equity markets while at the same time neutralizing exposure to fluctuations of the Japanese Yen movements relative to the United States dollar. In this sense, the Index hedges against fluctuations in the relative value of the yen against the United States dollar.