iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Trading 0.1% Higher – Time to Buy?

iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ)’s stock price rose 0.1% during mid-day trading on Monday . The company traded as high as $66.69 and last traded at $66.41. 37,898 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 136,758 shares. The stock had previously closed at $66.36.

iShares Currency Hedged MSCI Japan ETF Trading Down 2.7%

The stock has a market capitalization of $743.13 million, a P/E ratio of 13.45 and a beta of 0.49. The company has a 50-day moving average price of $63.98 and a 200 day moving average price of $60.74.

Hedge Funds Weigh In On iShares Currency Hedged MSCI Japan ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. lifted its position in shares of iShares Currency Hedged MSCI Japan ETF by 34.1% during the fourth quarter. SBI Securities Co. Ltd. now owns 857 shares of the company’s stock valued at $45,000 after buying an additional 218 shares during the last quarter. Compass Financial Management LLC purchased a new position in shares of iShares Currency Hedged MSCI Japan ETF in the 2nd quarter worth approximately $96,000. Arkadios Wealth Advisors grew its position in shares of iShares Currency Hedged MSCI Japan ETF by 13.9% in the 1st quarter. Arkadios Wealth Advisors now owns 5,753 shares of the company’s stock worth $324,000 after buying an additional 700 shares during the last quarter. BNP Paribas Financial Markets bought a new position in shares of iShares Currency Hedged MSCI Japan ETF during the 3rd quarter worth approximately $379,000. Finally, Ascentis Independent Advisors lifted its position in iShares Currency Hedged MSCI Japan ETF by 51.3% during the first quarter. Ascentis Independent Advisors now owns 13,628 shares of the company’s stock valued at $767,000 after acquiring an additional 4,619 shares during the last quarter.

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.