iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ) Shares Cross Below 200 Day Moving Average – Time to Sell?

iShares Currency Hedged MSCI Japan ETF (NYSEARCA:HEWJ)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $41.71 and traded as low as $41.14. iShares Currency Hedged MSCI Japan ETF shares last traded at $41.25, with a volume of 68,826 shares changing hands.

iShares Currency Hedged MSCI Japan ETF Stock Up 1.7 %

The stock has a market capitalization of $375.36 million, a price-to-earnings ratio of 17.09 and a beta of 0.70. The company has a 50 day moving average of $41.83 and a 200 day moving average of $41.70.

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 raised its position 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 Form 13F filing with the Securities and Exchange Commission. The firm owned 5,926 shares of the company’s stock after acquiring an additional 600 shares during the period. Rappaport Reiches Capital Management LLC owned approximately 0.07% of iShares Currency Hedged MSCI Japan ETF worth $243,000 at the end of the most recent reporting period.

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.