WisdomTree Europe Hedged Equity Fund (NYSEARCA:HEDJ) Sets New 1-Year High – Still a Buy?

WisdomTree Europe Hedged Equity Fund (NYSEARCA:HEDJ)’s share price hit a new 52-week high on Thursday . The stock traded as high as $57.50 and last traded at $57.4840, with a volume of 36535 shares trading hands. The stock had previously closed at $55.80.

WisdomTree Europe Hedged Equity Fund Price Performance

The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 15.27 and a beta of 0.75. The business’s fifty day simple moving average is $55.14 and its 200 day simple moving average is $54.08.

Hedge Funds Weigh In On WisdomTree Europe Hedged Equity Fund

Hedge funds have recently added to or reduced their stakes in the business. Baird Financial Group Inc. lifted its holdings in WisdomTree Europe Hedged Equity Fund by 8.5% in the first quarter. Baird Financial Group Inc. now owns 5,084 shares of the company’s stock worth $241,000 after acquiring an additional 400 shares during the last quarter. Jane Street Group LLC lifted its holdings in WisdomTree Europe Hedged Equity Fund by 9.2% in the first quarter. Jane Street Group LLC now owns 92,850 shares of the company’s stock worth $4,409,000 after acquiring an additional 7,817 shares during the last quarter. Focus Partners Wealth lifted its holdings in WisdomTree Europe Hedged Equity Fund by 64.1% in the first quarter. Focus Partners Wealth now owns 17,344 shares of the company’s stock worth $823,000 after acquiring an additional 6,774 shares during the last quarter. Cerity Partners LLC lifted its holdings in WisdomTree Europe Hedged Equity Fund by 86.1% in the second quarter. Cerity Partners LLC now owns 29,025 shares of the company’s stock worth $1,397,000 after acquiring an additional 13,432 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in WisdomTree Europe Hedged Equity Fund by 34.9% in the second quarter. Raymond James Financial Inc. now owns 374,190 shares of the company’s stock worth $18,006,000 after acquiring an additional 96,825 shares during 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.