WisdomTree Japan Hedged Equity Fund (NYSEARCA:DXJ) Stock Passes Above Fifty Day Moving Average – Here’s Why

WisdomTree Japan Hedged Equity Fund (NYSEARCA:DXJ) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $169.31 and traded as high as $173.68. WisdomTree Japan Hedged Equity Fund shares last traded at $173.51, with a volume of 148,052 shares trading hands.

WisdomTree Japan Hedged Equity Fund Trading Up 0.1%

The stock’s 50 day moving average price is $169.31 and its 200 day moving average price is $160.73. The company has a market cap of $6.61 billion, a price-to-earnings ratio of 12.88 and a beta of 0.39.

Institutional Investors Weigh In On WisdomTree Japan Hedged Equity Fund

Institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its position in WisdomTree Japan Hedged Equity Fund by 1,262.5% during the fourth quarter. JPMorgan Chase & Co. now owns 3,020,941 shares of the exchange traded fund’s stock worth $435,499,000 after purchasing an additional 2,799,228 shares during the last quarter. Morgan Stanley boosted its holdings in shares of WisdomTree Japan Hedged Equity Fund by 3.2% in the 4th quarter. Morgan Stanley now owns 2,301,707 shares of the exchange traded fund’s stock valued at $331,814,000 after purchasing an additional 71,683 shares during the last quarter. Bank of America Corp DE grew its stake in shares of WisdomTree Japan Hedged Equity Fund by 10.7% during the 1st quarter. Bank of America Corp DE now owns 1,436,453 shares of the exchange traded fund’s stock valued at $227,793,000 after buying an additional 139,317 shares during the period. Bank of Montreal Can grew its stake in shares of WisdomTree Japan Hedged Equity Fund by 24,677.4% during the 3rd quarter. Bank of Montreal Can now owns 621,416 shares of the exchange traded fund’s stock valued at $79,560,000 after buying an additional 618,908 shares during the period. Finally, Assetmark Inc. grew its stake in shares of WisdomTree Japan Hedged Equity Fund by 5,308.9% during the 1st quarter. Assetmark Inc. now owns 507,304 shares of the exchange traded fund’s stock valued at $80,448,000 after buying an additional 497,925 shares during the period.

About WisdomTree Japan Hedged Equity Fund

WisdomTree Japan Hedged Equity Fund (the Fund) seeks investment results that closely correspond to the price and yield performance of the WisdomTree Japan Hedged Equity Index (the Index). The Index is designed to provide exposure to Japanese equity markets while at the same time neutralizing exposure to fluctuations of the Japanese Yen movements relative to the United States dollar. In this sense, the Index hedges against fluctuations in the relative value of the yen against the United States dollar.