iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) Hits New 12-Month High – Time to Buy?

iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) reached a new 52-week high during trading on Friday . The stock traded as high as $44.10 and last traded at $44.1550, with a volume of 1979 shares changing hands. The stock had previously closed at $43.87.

iShares Currency Hedged MSCI Eurozone ETF Stock Up 0.7%

The stock’s fifty day moving average is $43.13 and its two-hundred day moving average is $41.78. The firm has a market capitalization of $706.72 million, a price-to-earnings ratio of 16.09 and a beta of 0.76.

Institutional Investors Weigh In On iShares Currency Hedged MSCI Eurozone ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Ameriprise Financial Inc. grew its holdings in iShares Currency Hedged MSCI Eurozone ETF by 3.4% during the second quarter. Ameriprise Financial Inc. now owns 12,671 shares of the company’s stock worth $520,000 after purchasing an additional 420 shares during the period. Jones Financial Companies Lllp raised its stake in iShares Currency Hedged MSCI Eurozone ETF by 14.9% in the third quarter. Jones Financial Companies Lllp now owns 4,750 shares of the company’s stock valued at $199,000 after buying an additional 615 shares during the period. Kelleher Financial Advisors acquired a new stake in shares of iShares Currency Hedged MSCI Eurozone ETF in the third quarter valued at approximately $26,000. WFA of San Diego LLC acquired a new stake in shares of iShares Currency Hedged MSCI Eurozone ETF in the second quarter valued at approximately $41,000. Finally, Strategic Blueprint LLC boosted its stake in shares of iShares Currency Hedged MSCI Eurozone ETF by 21.2% during the 2nd quarter. Strategic Blueprint LLC now owns 6,614 shares of the company’s stock worth $271,000 after acquiring an additional 1,159 shares during the period.

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.