iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Trading Down 0.4% – What’s Next?

Shares of iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) were down 0.4% during trading on Friday . The stock traded as low as $42.71 and last traded at $42.83. Approximately 14,040 shares changed hands during trading, a decline of 86% from the average daily volume of 103,060 shares. The stock had previously closed at $43.02.

iShares Currency Hedged MSCI Japan ETF Stock Performance

The company has a market cap of $370.48 million, a P/E ratio of 13.45 and a beta of 0.60. The firm’s fifty day moving average is $41.17 and its two-hundred day moving average is $41.97.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. OVERSEA CHINESE BANKING Corp Ltd lifted its position in shares of iShares Currency Hedged MSCI Japan ETF by 3,393.8% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 2,870,438 shares of the company’s stock worth $120,386,000 after buying an additional 2,788,281 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of iShares Currency Hedged MSCI Japan ETF by 69.1% during the 4th quarter. Jones Financial Companies Lllp now owns 40,609 shares of the company’s stock valued at $1,731,000 after acquiring an additional 16,596 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in shares of iShares Currency Hedged MSCI Japan ETF in the fourth quarter valued at $614,000. SBI Securities Co. Ltd. increased its position in iShares Currency Hedged MSCI Japan ETF by 378.3% in the first quarter. SBI Securities Co. Ltd. now owns 10,126 shares of the company’s stock worth $425,000 after purchasing an additional 8,009 shares during the last quarter. Finally, Rappaport Reiches Capital Management LLC raised its stake in iShares Currency Hedged MSCI Japan ETF by 17.7% during the first quarter. Rappaport Reiches Capital Management LLC now owns 7,800 shares of the company’s stock valued at $327,000 after purchasing an additional 1,175 shares in 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.