WisdomTree Japan Hedged Equity Fund (NYSEARCA:DXJ) Hits New 1-Year High – Should You Buy?

WisdomTree Japan Hedged Equity Fund (NYSEARCA:DXJ) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $140.61 and last traded at $139.9110, with a volume of 95487 shares changing hands. The stock had previously closed at $138.27.

WisdomTree Japan Hedged Equity Fund Stock Performance

The stock has a market cap of $4.60 billion, a P/E ratio of 12.88 and a beta of 0.41. The stock’s fifty day moving average is $133.51 and its 200 day moving average is $123.58.

Hedge Funds Weigh In On WisdomTree Japan Hedged Equity Fund

A number of institutional investors and hedge funds have recently modified their holdings of DXJ. Avantax Advisory Services Inc. raised its holdings in WisdomTree Japan Hedged Equity Fund by 10.2% during the 1st quarter. Avantax Advisory Services Inc. now owns 8,685 shares of the exchange traded fund’s stock valued at $957,000 after buying an additional 807 shares during the period. Arkadios Wealth Advisors purchased a new stake in shares of WisdomTree Japan Hedged Equity Fund in the first quarter valued at $229,000. Modera Wealth Management LLC raised its stake in shares of WisdomTree Japan Hedged Equity Fund by 19.4% in the first quarter. Modera Wealth Management LLC now owns 2,993 shares of the exchange traded fund’s stock valued at $330,000 after acquiring an additional 486 shares during the period. Harbour Investments Inc. lifted its holdings in shares of WisdomTree Japan Hedged Equity Fund by 53.8% in the 1st quarter. Harbour Investments Inc. now owns 3,081 shares of the exchange traded fund’s stock worth $339,000 after acquiring an additional 1,078 shares during the last quarter. Finally, Liberty Mutual Group Asset Management Inc. boosted its stake in shares of WisdomTree Japan Hedged Equity Fund by 2.8% during the 1st quarter. Liberty Mutual Group Asset Management Inc. now owns 698,750 shares of the exchange traded fund’s stock worth $76,988,000 after purchasing an additional 18,750 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.