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

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

iShares Currency Hedged MSCI Japan ETF Trading Down 0.4 %

The firm has a market capitalization of $370.48 million, a price-to-earnings ratio of 13.45 and a beta of 0.60. The firm’s 50-day moving average is $41.17 and its 200 day moving average is $41.96.

Hedge Funds Weigh In On iShares Currency Hedged MSCI Japan ETF

Hedge funds have recently modified their holdings of the business. Murphy & Mullick Capital Management Corp acquired a new stake in iShares Currency Hedged MSCI Japan ETF in the fourth quarter valued at $35,000. SBI Securities Co. Ltd. acquired a new position in iShares Currency Hedged MSCI Japan ETF during the 4th quarter worth about $90,000. Rappaport Reiches Capital Management LLC grew its position in shares of iShares Currency Hedged MSCI Japan ETF by 11.8% in the 4th quarter. Rappaport Reiches Capital Management LLC now owns 6,625 shares of the company’s stock valued at $282,000 after buying an additional 699 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of iShares Currency Hedged MSCI Japan ETF in the fourth quarter valued at about $614,000. Finally, Jones Financial Companies Lllp raised its position in shares of iShares Currency Hedged MSCI Japan ETF by 69.1% during the fourth quarter. Jones Financial Companies Lllp now owns 40,609 shares of the company’s stock worth $1,731,000 after acquiring an additional 16,596 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.