WisdomTree Europe Hedged Equity Fund (NYSEARCA:HEDJ) Stock Jumps 0.1% – Still a Buy?

WisdomTree Europe Hedged Equity Fund (NYSEARCA:HEDJ)’s stock price shot up 0.1% during trading on Monday. The stock traded as high as $55.97 and last traded at $55.69. 64,045 shares were traded during trading, a decline of 1% from the average session volume of 64,597 shares. The stock had previously closed at $55.64.

WisdomTree Europe Hedged Equity Fund Stock Performance

The stock has a market capitalization of $1.75 billion, a P/E ratio of 15.27 and a beta of 0.74. The business has a 50 day simple moving average of $56.87 and a 200-day simple moving average of $55.90.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. NWF Advisory Services Inc. raised its position in WisdomTree Europe Hedged Equity Fund by 3.6% in the first quarter. NWF Advisory Services Inc. now owns 6,088 shares of the company’s stock worth $318,000 after acquiring an additional 212 shares in the last quarter. NorthRock Partners LLC boosted its position in shares of WisdomTree Europe Hedged Equity Fund by 5.1% during the 2nd quarter. NorthRock Partners LLC now owns 9,359 shares of the company’s stock valued at $533,000 after purchasing an additional 457 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in shares of WisdomTree Europe Hedged Equity Fund during the 2nd quarter valued at about $27,000. Eastern Bank acquired a new position in shares of WisdomTree Europe Hedged Equity Fund in the 2nd quarter worth approximately $28,000. Finally, Sovran Advisors LLC raised its holdings in shares of WisdomTree Europe Hedged Equity Fund by 20.4% in the 1st quarter. Sovran Advisors LLC now owns 4,937 shares of the company’s stock worth $270,000 after purchasing an additional 838 shares in the last quarter.

WisdomTree Europe Hedged Equity Fund Company Profile

WisdomTree Europe Hedged Equity Fund (the Fund), formerly WisdomTree International Hedged Equity Fund, is an exchange-traded fund. The Fund seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Europe Hedged Equity Index. The WisdomTree Europe Hedged Equity Index provides exposure to European equities while at the same time neutralizing exposure to fluctuations between the Euro and the United States dollar. The Index hedges against fluctuations in the relative value of the Euro against the United States dollar.