iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Stock Cross Above Two Hundred Day Moving Average – What’s Next?

iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) shares crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $61.61 and traded as high as $61.86. iShares Currency Hedged MSCI Japan ETF shares last traded at $61.67, with a volume of 24,691 shares.

iShares Currency Hedged MSCI Japan ETF Stock Up 2.6%

The stock has a market capitalization of $626.15 million, a P/E ratio of 13.45 and a beta of 0.55. The business’s 50 day simple moving average is $64.22 and its two-hundred day simple moving average is $61.68.

Hedge Funds Weigh In On iShares Currency Hedged MSCI Japan ETF

An institutional investor recently raised its stake in iShares Currency Hedged MSCI Japan ETF stock. Arkadios Wealth Advisors grew its stake in shares of iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) by 13.9% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 5,753 shares of the company’s stock after purchasing an additional 700 shares during the period. Arkadios Wealth Advisors’ holdings in iShares Currency Hedged MSCI Japan ETF were worth $324,000 as of its most recent filing with the SEC.

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.