iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) Hits New 1-Year High – Still a Buy?

iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) shares hit a new 52-week high on Tuesday . The stock traded as high as $50.19 and last traded at $50.19, with a volume of 24256 shares traded. The stock had previously closed at $50.02.

iShares Currency Hedged MSCI Eurozone ETF Stock Up 0.3%

The stock’s 50 day moving average is $47.29 and its 200-day moving average is $45.64. The company has a market cap of $637.41 million, a PE ratio of 16.09 and a beta of 0.67.

Institutional Trading of iShares Currency Hedged MSCI Eurozone ETF

Hedge funds have recently made changes to their positions in the business. Flow Traders U.S. LLC lifted its holdings in shares of 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 during the last quarter. Goldman Sachs Group Inc. increased its stake in iShares Currency Hedged MSCI Eurozone ETF by 26.4% during the first quarter. Goldman Sachs Group Inc. now owns 155,423 shares of the company’s stock worth $6,057,000 after acquiring an additional 32,459 shares during the last quarter. Jones Financial Companies Lllp raised its position in iShares Currency Hedged MSCI Eurozone ETF by 1,177.9% during the first quarter. Jones Financial Companies Lllp now owns 22,888 shares of the company’s stock valued at $892,000 after purchasing an additional 21,097 shares during the period. Olde Wealth Management LLC bought a new stake in shares of iShares Currency Hedged MSCI Eurozone ETF in the 3rd quarter valued at approximately $311,000. Finally, Banco Bilbao Vizcaya Argentaria S.A. purchased a new position in shares of iShares Currency Hedged MSCI Eurozone ETF in the 3rd quarter worth approximately $279,000.

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.