WisdomTree Europe Hedged Equity Fund (NYSEARCA:HEDJ) Reaches New 52-Week High – Should You Buy?

WisdomTree Europe Hedged Equity Fund (NYSEARCA:HEDJ)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $56.50 and last traded at $56.12, with a volume of 57296 shares trading hands. The stock had previously closed at $56.31.

WisdomTree Europe Hedged Equity Fund Stock Performance

The stock’s 50 day simple moving average is $54.25 and its 200 day simple moving average is $52.10. The firm has a market cap of $1.87 billion, a PE ratio of 15.27 and a beta of 0.81.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Stifel Financial Corp raised its holdings in WisdomTree Europe Hedged Equity Fund by 0.8% in the 4th quarter. Stifel Financial Corp now owns 26,077 shares of the company’s stock worth $1,384,000 after purchasing an additional 200 shares in the last quarter. Sloy Dahl & Holst LLC lifted its position in WisdomTree Europe Hedged Equity Fund by 1.4% during the 3rd quarter. Sloy Dahl & Holst LLC now owns 14,900 shares of the company’s stock valued at $751,000 after acquiring an additional 210 shares during the period. Lido Advisors LLC grew its holdings in WisdomTree Europe Hedged Equity Fund by 1.8% in the fourth quarter. Lido Advisors LLC now owns 14,944 shares of the company’s stock worth $754,000 after purchasing an additional 269 shares during the period. Franklin Resources Inc. lifted its holdings in shares of WisdomTree Europe Hedged Equity Fund by 13.5% during the fourth quarter. Franklin Resources Inc. now owns 2,914 shares of the company’s stock valued at $155,000 after purchasing an additional 346 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of WisdomTree Europe Hedged Equity Fund by 66.3% in the 4th quarter. Farther Finance Advisors LLC now owns 918 shares of the company’s stock worth $49,000 after purchasing an additional 366 shares in the last quarter.

About WisdomTree Europe Hedged Equity Fund

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.