iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) Reaches New 12-Month High – Should You Buy?

iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) hit a new 52-week high on Wednesday . The company traded as high as $49.79 and last traded at $49.31, with a volume of 34964 shares traded. The stock had previously closed at $49.41.

iShares Currency Hedged MSCI Eurozone ETF Price Performance

The business’s 50-day moving average price is $46.90 and its two-hundred day moving average price is $45.45. The company has a market capitalization of $626.24 million, a P/E ratio of 16.09 and a beta of 0.67.

Hedge Funds Weigh In On iShares Currency Hedged MSCI Eurozone ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Flow Traders U.S. LLC lifted its position in iShares Currency Hedged MSCI Eurozone ETF by 131.3% in the 3rd quarter. Flow Traders U.S. LLC now owns 200,356 shares of the company’s stock valued at $8,448,000 after acquiring an additional 113,752 shares in the last quarter. Olde Wealth Management LLC bought a new stake in iShares Currency Hedged MSCI Eurozone ETF in the 3rd quarter valued at $311,000. Jones Financial Companies Lllp lifted its position in iShares Currency Hedged MSCI Eurozone ETF by 14.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 4,750 shares of the company’s stock valued at $199,000 after acquiring an additional 615 shares in the last quarter. Royal Bank of Canada lifted its position in iShares Currency Hedged MSCI Eurozone ETF by 4.7% in the 1st quarter. Royal Bank of Canada now owns 51,645 shares of the company’s stock valued at $2,013,000 after acquiring an additional 2,309 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in iShares Currency Hedged MSCI Eurozone ETF by 3.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 12,671 shares of the company’s stock valued at $520,000 after acquiring an additional 420 shares in the last quarter.

About iShares Currency Hedged MSCI Eurozone ETF

The iShares Currency Hedged MSCI Eurozone ETF (HEZU) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a cap-weighted index of large- and mid-cap securities from the eurozone, while hedging out its exposure to the euro currency relative to the US dollar. HEZU was launched on Jul 10, 2014 and is managed by BlackRock.