WisdomTree Japan Hedged Equity Fund (NYSEARCA:DXJ) Hits New 52-Week High – Time to Buy?

WisdomTree Japan Hedged Equity Fund (NYSEARCA:DXJ) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $179.52 and last traded at $179.9610, with a volume of 459 shares traded. The stock had previously closed at $178.51.

WisdomTree Japan Hedged Equity Fund Stock Performance

The company’s 50 day simple moving average is $168.26 and its two-hundred day simple moving average is $159.30. The stock has a market cap of $6.87 billion, a price-to-earnings ratio of 12.88 and a beta of 0.39.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Qube Research & Technologies Ltd lifted its position in WisdomTree Japan Hedged Equity Fund by 1,251.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 2,230 shares of the exchange traded fund’s stock worth $255,000 after acquiring an additional 2,065 shares during the last quarter. Squarepoint Ops LLC increased its position in WisdomTree Japan Hedged Equity Fund by 190.8% during the second quarter. Squarepoint Ops LLC now owns 8,334 shares of the exchange traded fund’s stock worth $952,000 after acquiring an additional 5,468 shares during the period. Diversify Wealth Management LLC raised its stake in WisdomTree Japan Hedged Equity Fund by 2.4% during the 2nd quarter. Diversify Wealth Management LLC now owns 20,469 shares of the exchange traded fund’s stock valued at $2,563,000 after purchasing an additional 489 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in WisdomTree Japan Hedged Equity Fund by 4.2% in the 2nd quarter. Quantinno Capital Management LP now owns 7,422 shares of the exchange traded fund’s stock valued at $848,000 after purchasing an additional 300 shares during the period. Finally, Darwin Wealth Management LLC bought a new stake in WisdomTree Japan Hedged Equity Fund in the 2nd quarter valued at $29,000.

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.