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

iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) shares hit a new 52-week high during trading on Thursday . The company traded as high as $44.03 and last traded at $43.99, with a volume of 13041 shares. The stock had previously closed at $43.75.

iShares Currency Hedged MSCI Eurozone ETF Trading Up 0.6%

The stock has a market capitalization of $704.32 million, a P/E ratio of 16.09 and a beta of 0.76. The business has a fifty day simple moving average of $43.01 and a 200 day simple moving average of $41.68.

Hedge Funds Weigh In On iShares Currency Hedged MSCI Eurozone ETF

Large investors have recently bought and sold shares of the stock. Deutsche Bank AG grew its stake in shares of iShares Currency Hedged MSCI Eurozone ETF by 13.9% in the 1st quarter. Deutsche Bank AG now owns 9,792 shares of the company’s stock worth $382,000 after acquiring an additional 1,192 shares in the last quarter. HighTower Advisors LLC boosted its holdings in iShares Currency Hedged MSCI Eurozone ETF by 2.3% during the first quarter. HighTower Advisors LLC now owns 292,399 shares of the company’s stock worth $11,395,000 after purchasing an additional 6,556 shares during the last quarter. Summit Financial LLC bought a new stake in iShares Currency Hedged MSCI Eurozone ETF in the 1st quarter worth about $1,820,000. Royal Bank of Canada increased its stake 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 buying an additional 2,309 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its position in shares of iShares Currency Hedged MSCI Eurozone ETF by 1,177.9% during the 1st quarter. Jones Financial Companies Lllp now owns 22,888 shares of the company’s stock worth $892,000 after buying an additional 21,097 shares in the last quarter.

iShares Currency Hedged MSCI Eurozone ETF Company Profile

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.