iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) Sets New 52-Week High – Time to Buy?

iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) reached a new 52-week high during trading on Tuesday . The stock traded as high as $48.54 and last traded at $44.6220, with a volume of 9901 shares changing hands. The stock had previously closed at $45.74.

iShares Currency Hedged MSCI Eurozone ETF Stock Performance

The business has a fifty day moving average of $43.88 and a 200-day moving average of $42.39. The company has a market capitalization of $636.82 million, a P/E ratio of 16.09 and a beta of 0.76.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Royal Bank of Canada increased its position in shares of iShares Currency Hedged MSCI Eurozone ETF by 4.7% during the first quarter. Royal Bank of Canada now owns 51,645 shares of the company’s stock worth $2,013,000 after acquiring an additional 2,309 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in 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 valued at $892,000 after purchasing an additional 21,097 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in iShares Currency Hedged MSCI Eurozone ETF by 26.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 155,423 shares of the company’s stock valued at $6,057,000 after purchasing an additional 32,459 shares during the last quarter. Strategic Blueprint LLC increased its holdings in iShares Currency Hedged MSCI Eurozone ETF by 21.2% during the 2nd quarter. Strategic Blueprint LLC now owns 6,614 shares of the company’s stock worth $271,000 after purchasing an additional 1,159 shares in the last quarter. Finally, Sierra Capital LLC purchased a new stake in shares of iShares Currency Hedged MSCI Eurozone ETF in the second quarter worth approximately $1,055,000.

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.