iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Sees Large Volume Increase – Still a Buy?

iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) saw unusually-strong trading volume on Friday . Approximately 553,230 shares traded hands during trading, an increase of 206% from the previous session’s volume of 180,784 shares.The stock last traded at $62.46 and had previously closed at $62.34.

iShares Currency Hedged MSCI Japan ETF Trading Up 0.1%

The business’s 50 day moving average is $59.11 and its two-hundred day moving average is $56.81. The company has a market cap of $798.46 million, a PE ratio of 13.45 and a beta of 0.47.

Institutional Trading of iShares Currency Hedged MSCI Japan ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. SBI Securities Co. Ltd. increased its holdings in iShares Currency Hedged MSCI Japan ETF by 34.1% in the 4th quarter. SBI Securities Co. Ltd. now owns 857 shares of the company’s stock valued at $45,000 after acquiring an additional 218 shares during the last quarter. Murphy & Mullick Capital Management Corp increased its holdings in iShares Currency Hedged MSCI Japan ETF by 43.6% in the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 1,179 shares of the company’s stock valued at $61,000 after acquiring an additional 358 shares during the last quarter. Arkadios Wealth Advisors increased its holdings in iShares Currency Hedged MSCI Japan ETF by 13.9% in the 1st quarter. Arkadios Wealth Advisors now owns 5,753 shares of the company’s stock valued at $324,000 after acquiring an additional 700 shares during the last quarter. Ascentis Independent Advisors increased its holdings in iShares Currency Hedged MSCI Japan ETF by 51.3% in the 1st quarter. Ascentis Independent Advisors now owns 13,628 shares of the company’s stock valued at $767,000 after acquiring an additional 4,619 shares during the last quarter. Finally, BNP Paribas Financial Markets bought a new stake in shares of iShares Currency Hedged MSCI Japan ETF in the 3rd quarter worth about $379,000.

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.