iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Sees Strong Trading Volume – Here’s Why

Shares of iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) saw strong trading volume on Wednesday . 269,901 shares were traded during trading, an increase of 103% from the previous session’s volume of 132,645 shares.The stock last traded at $64.72 and had previously closed at $64.62.

iShares Currency Hedged MSCI Japan ETF Trading Down 0.1%

The stock has a market capitalization of $742.33 million, a P/E ratio of 13.45 and a beta of 0.49. The company has a 50-day moving average price of $64.10 and a 200 day moving average price of $61.02.

Institutional Trading of iShares Currency Hedged MSCI Japan ETF

A number of institutional investors have recently modified their holdings of HEWJ. SBI Securities Co. Ltd. grew its position in shares of iShares Currency Hedged MSCI Japan ETF by 34.1% in the 4th quarter. SBI Securities Co. Ltd. now owns 857 shares of the company’s stock worth $45,000 after buying an additional 218 shares during the last quarter. Compass Financial Management LLC purchased a new stake in iShares Currency Hedged MSCI Japan ETF during the second quarter valued at approximately $96,000. Arkadios Wealth Advisors boosted its stake in iShares Currency Hedged MSCI Japan ETF by 13.9% in the first quarter. Arkadios Wealth Advisors now owns 5,753 shares of the company’s stock valued at $324,000 after acquiring an additional 700 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in iShares Currency Hedged MSCI Japan ETF in the third quarter worth $379,000. Finally, Ascentis Independent Advisors grew its holdings in iShares Currency Hedged MSCI Japan ETF by 51.3% in the first quarter. Ascentis Independent Advisors now owns 13,628 shares of the company’s stock worth $767,000 after purchasing 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.