WisdomTree Japan Hedged Equity Fund (NYSEARCA:DXJ) Reaches New 1-Year High – Here’s Why

Shares of WisdomTree Japan Hedged Equity Fund (NYSEARCA:DXJ) reached a new 52-week high on Thursday . The stock traded as high as $147.85 and last traded at $147.62, with a volume of 299773 shares traded. The stock had previously closed at $147.40.

WisdomTree Japan Hedged Equity Fund Stock Performance

The stock has a 50 day moving average price of $141.08 and a 200 day moving average price of $130.23. The company has a market capitalization of $5.39 billion, a P/E ratio of 12.88 and a beta of 0.41.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Winnow Wealth LLC purchased a new stake in shares of WisdomTree Japan Hedged Equity Fund during the 2nd quarter worth approximately $26,000. Darwin Wealth Management LLC purchased a new position in WisdomTree Japan Hedged Equity Fund in the second quarter valued at approximately $29,000. Howe & Rusling Inc. grew its holdings in WisdomTree Japan Hedged Equity Fund by 672.5% during the second quarter. Howe & Rusling Inc. now owns 309 shares of the exchange traded fund’s stock valued at $35,000 after purchasing an additional 269 shares during the period. WFA of San Diego LLC bought a new position in WisdomTree Japan Hedged Equity Fund during the second quarter valued at $46,000. Finally, Hilltop National Bank purchased a new stake in WisdomTree Japan Hedged Equity Fund in the second quarter worth $53,000.

WisdomTree Japan Hedged Equity Fund Company Profile

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.