iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Trading Up 1.6% – Still a Buy?

iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ)’s stock price were up 1.6% during trading on Thursday . The stock traded as high as $42.87 and last traded at $42.85. Approximately 58,062 shares traded hands during trading, a decline of 54% from the average daily volume of 126,787 shares. The stock had previously closed at $42.16.

iShares Currency Hedged MSCI Japan ETF Stock Up 0.7 %

The stock’s fifty day simple moving average is $42.26 and its two-hundred day simple moving average is $41.78. The firm has a market cap of $386.01 million, a PE ratio of 17.09 and a beta of 0.70.

Institutional Trading of iShares Currency Hedged MSCI Japan ETF

An institutional investor recently raised its position in iShares Currency Hedged MSCI Japan ETF stock. Rappaport Reiches Capital Management LLC grew its stake in iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) by 11.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,926 shares of the company’s stock after acquiring an additional 600 shares during the period. Rappaport Reiches Capital Management LLC owned 0.07% of iShares Currency Hedged MSCI Japan ETF worth $243,000 at the end of the most recent reporting period.

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.