iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) Stock Price Down 0.6% – Here’s Why

Shares of iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) dropped 0.6% during mid-day trading on Tuesday . The company traded as low as $37.3750 and last traded at $37.43. Approximately 33,601 shares changed hands during mid-day trading, The stock had previously closed at $37.65.

iShares Currency Hedged MSCI Emerging Markets ETF Stock Performance

The company has a 50-day moving average price of $35.35 and a 200-day moving average price of $33.66. The firm has a market capitalization of $215.82 million, a P/E ratio of 13.80 and a beta of 0.53.

Institutional Investors Weigh In On iShares Currency Hedged MSCI Emerging Markets ETF

Several hedge funds have recently bought and sold shares of the company. Flow Traders U.S. LLC acquired a new position in shares of iShares Currency Hedged MSCI Emerging Markets ETF in the 3rd quarter valued at $204,000. Jones Financial Companies Lllp bought a new position in iShares Currency Hedged MSCI Emerging Markets ETF during the first quarter worth about $299,000. Finally, Ameriprise Financial Inc. grew its stake in iShares Currency Hedged MSCI Emerging Markets ETF by 4.6% in the third quarter. Ameriprise Financial Inc. now owns 26,248 shares of the company’s stock valued at $884,000 after acquiring an additional 1,146 shares during the period.

About iShares Currency Hedged MSCI Emerging Markets ETF

The iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of broad emerging market equities with currency exposure from the underlying stocks hedged out for USD investors. HEEM was launched on Sep 23, 2014 and is managed by BlackRock.