iShares Currency Hedged MSCI EAFE ETF (BATS:HEFA) Sets New 52-Week High – Should You Buy?

iShares Currency Hedged MSCI EAFE ETF (BATS:HEFA) shares hit a new 52-week high on Tuesday . The company traded as high as $35.23 and last traded at $36.08, with a volume of 1131588 shares traded. The stock had previously closed at $34.83.

iShares Currency Hedged MSCI EAFE ETF Price Performance

The company’s 50-day simple moving average is $35.29 and its 200-day simple moving average is $35.02. The stock has a market capitalization of $7.02 billion, a P/E ratio of 16.31 and a beta of 0.62.

Institutional Investors Weigh In On iShares Currency Hedged MSCI EAFE ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Flow Traders U.S. LLC bought a new stake in iShares Currency Hedged MSCI EAFE ETF in the third quarter valued at approximately $23,510,000. Valeo Financial Advisors LLC raised its stake in iShares Currency Hedged MSCI EAFE ETF by 0.3% in the 3rd quarter. Valeo Financial Advisors LLC now owns 489,540 shares of the company’s stock valued at $17,340,000 after acquiring an additional 1,412 shares during the period. Future Financial Wealth Managment LLC lifted its holdings in iShares Currency Hedged MSCI EAFE ETF by 6.0% during the 4th quarter. Future Financial Wealth Managment LLC now owns 112,651 shares of the company’s stock valued at $3,915,000 after purchasing an additional 6,333 shares during the last quarter. AdvisorNet Financial Inc boosted its position in iShares Currency Hedged MSCI EAFE ETF by 12.6% during the fourth quarter. AdvisorNet Financial Inc now owns 106,208 shares of the company’s stock worth $3,691,000 after purchasing an additional 11,913 shares during the period. Finally, Cornerstone Planning Group LLC increased its holdings in shares of iShares Currency Hedged MSCI EAFE ETF by 1.3% in the fourth quarter. Cornerstone Planning Group LLC now owns 100,673 shares of the company’s stock valued at $3,633,000 after purchasing an additional 1,331 shares during the last quarter.

iShares Currency Hedged MSCI EAFE ETF Company Profile

The iShares Currency Hedged MSCI EAFE ETF (HEFA) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market cap-weighted, USD-hedged index of large- and mid-cap stocks from developed countries outside the US and Canada. HEFA was launched on Jan 31, 2014 and is managed by BlackRock.