iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Trading Down 1.4% – Should You Sell?

Shares of iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) fell 1.4% during mid-day trading on Thursday . The stock traded as low as $41.35 and last traded at $41.35. 54,499 shares were traded during trading, a decline of 30% from the average session volume of 77,660 shares. The stock had previously closed at $41.92.

iShares Currency Hedged MSCI Japan ETF Price Performance

The firm has a market cap of $373.84 million, a price-to-earnings ratio of 17.09 and a beta of 0.70. The stock has a 50-day moving average price of $42.43 and a 200 day moving average price of $41.77.

Institutional Investors Weigh In On iShares Currency Hedged MSCI Japan ETF

A hedge fund recently raised its stake in iShares Currency Hedged MSCI Japan ETF stock. Rappaport Reiches Capital Management LLC increased its holdings in shares of iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) by 11.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,926 shares of the company’s stock after purchasing 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 as of its most recent SEC filing.

iShares Currency Hedged MSCI Japan ETF Company Profile

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.