TIAA Trust National Association Trims Stake in iShares Currency Hedged MSCI Emerging Markets ETF $HEEM

TIAA Trust National Association reduced its position in iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) by 3.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 653,179 shares of the company’s stock after selling 24,297 shares during the quarter. TIAA Trust National Association owned 11.54% of iShares Currency Hedged MSCI Emerging Markets ETF worth $22,705,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HEEM. Ameriprise Financial Inc. boosted its holdings in iShares Currency Hedged MSCI Emerging Markets ETF by 4.6% during the 3rd 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. Flow Traders U.S. LLC purchased a new stake in iShares Currency Hedged MSCI Emerging Markets ETF during the 3rd quarter valued at about $204,000. Finally, Jones Financial Companies Lllp purchased a new stake in iShares Currency Hedged MSCI Emerging Markets ETF during the 1st quarter valued at about $299,000.

iShares Currency Hedged MSCI Emerging Markets ETF Price Performance

HEEM opened at $42.49 on Wednesday. The business has a 50 day simple moving average of $41.17 and a two-hundred day simple moving average of $38.19. The firm has a market capitalization of $240.49 million, a price-to-earnings ratio of 13.80 and a beta of 0.53. iShares Currency Hedged MSCI Emerging Markets ETF has a one year low of $28.71 and a one year high of $45.59.

iShares Currency Hedged MSCI Emerging Markets ETF Profile

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.