iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Shares Up 0.2% – Still a Buy?

iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) traded up 0.2% on Tuesday. The stock traded as high as $63.03 and last traded at $62.67. 156,530 shares were traded during mid-day trading, an increase of 29% from the average session volume of 120,896 shares. The stock had previously closed at $62.54.

iShares Currency Hedged MSCI Japan ETF Stock Performance

The firm has a market capitalization of $626.70 million, a P/E ratio of 13.45 and a beta of 0.51. The business has a fifty day moving average of $64.63 and a 200-day moving average of $61.51.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Ascentis Independent Advisors lifted its holdings in shares of 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 purchasing an additional 4,619 shares during the last quarter. Arkadios Wealth Advisors raised its position in iShares Currency Hedged MSCI Japan ETF by 13.9% during the first quarter. Arkadios Wealth Advisors now owns 5,753 shares of the company’s stock valued at $324,000 after buying an additional 700 shares during the period. Finally, Compass Financial Management LLC purchased a new stake in iShares Currency Hedged MSCI Japan ETF in the 2nd quarter worth about $96,000.

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.