iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Stock Price Up 0.4% – Here’s Why

iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) shares traded up 0.4% during trading on Friday . The stock traded as high as $41.83 and last traded at $41.62. 48,391 shares were traded during trading, a decline of 66% from the average session volume of 141,351 shares. The stock had previously closed at $41.45.

iShares Currency Hedged MSCI Japan ETF Stock Up 0.4 %

The company has a 50-day moving average of $41.08 and a 200 day moving average of $41.56. The stock has a market capitalization of $372.50 million, a PE ratio of 17.09 and a beta of 0.70.

Hedge Funds Weigh In On iShares Currency Hedged MSCI Japan ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HEWJ. BNP Paribas Financial Markets lifted its stake in shares of iShares Currency Hedged MSCI Japan ETF by 69.2% in the 1st quarter. BNP Paribas Financial Markets now owns 14,198 shares of the company’s stock valued at $597,000 after purchasing an additional 5,808 shares during the last quarter. Hudson Value Partners LLC acquired a new position in shares of iShares Currency Hedged MSCI Japan ETF in the 2nd quarter valued at $609,000. Finally, Rappaport Reiches Capital Management LLC lifted its stake in shares of iShares Currency Hedged MSCI Japan ETF by 11.3% in the 3rd quarter. Rappaport Reiches Capital Management LLC now owns 5,926 shares of the company’s stock valued at $243,000 after purchasing an additional 600 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.