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

Shares of iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) hit a new 52-week high during trading on Monday . The stock traded as high as $44.72 and last traded at $44.7450, with a volume of 880 shares traded. The stock had previously closed at $43.76.

iShares Currency Hedged MSCI Eurozone ETF Trading Down 0.1%

The company has a market cap of $639.71 million, a price-to-earnings ratio of 16.09 and a beta of 0.76. The stock’s 50-day moving average is $43.44 and its 200-day moving average is $42.08.

Hedge Funds Weigh In On iShares Currency Hedged MSCI Eurozone ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Flow Traders U.S. LLC increased its position in iShares Currency Hedged MSCI Eurozone ETF by 131.3% in the 3rd quarter. Flow Traders U.S. LLC now owns 200,356 shares of the company’s stock valued at $8,448,000 after buying an additional 113,752 shares in the last quarter. JPMorgan Chase & Co. grew its stake in iShares Currency Hedged MSCI Eurozone ETF by 21.7% in the second quarter. JPMorgan Chase & Co. now owns 437,715 shares of the company’s stock valued at $17,959,000 after acquiring an additional 78,155 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of iShares Currency Hedged MSCI Eurozone ETF by 26.4% during the first quarter. Goldman Sachs Group Inc. now owns 155,423 shares of the company’s stock valued at $6,057,000 after acquiring an additional 32,459 shares in the last quarter. Sierra Capital LLC acquired a new position in shares of iShares Currency Hedged MSCI Eurozone ETF during the second quarter worth approximately $1,055,000. Finally, Jones Financial Companies Lllp lifted its holdings in shares of iShares Currency Hedged MSCI Eurozone ETF by 1,177.9% in the 1st quarter. Jones Financial Companies Lllp now owns 22,888 shares of the company’s stock worth $892,000 after purchasing an additional 21,097 shares in the last quarter.

About iShares Currency Hedged MSCI Eurozone ETF

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.