iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) Reaches New 12-Month High – Should You Buy?

iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $49.79 and last traded at $49.31, with a volume of 34964 shares trading hands. The stock had previously closed at $49.41.

iShares Currency Hedged MSCI Eurozone ETF Stock Performance

The firm has a market capitalization of $626.24 million, a P/E ratio of 16.09 and a beta of 0.67. The firm’s 50-day moving average is $46.90 and its 200 day moving average is $45.45.

Institutional Investors Weigh In On iShares Currency Hedged MSCI Eurozone ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Flow Traders U.S. LLC lifted its position in iShares Currency Hedged MSCI Eurozone ETF by 131.3% during the 3rd quarter. Flow Traders U.S. LLC now owns 200,356 shares of the company’s stock worth $8,448,000 after buying an additional 113,752 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in iShares Currency Hedged MSCI Eurozone ETF by 26.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 155,423 shares of the company’s stock worth $6,057,000 after buying an additional 32,459 shares in the last quarter. Royal Bank of Canada lifted its position in iShares Currency Hedged MSCI Eurozone ETF by 4.7% during the 1st quarter. Royal Bank of Canada now owns 51,645 shares of the company’s stock worth $2,013,000 after buying an additional 2,309 shares in the last quarter. Jones Financial Companies Lllp lifted its position in iShares Currency Hedged MSCI Eurozone ETF by 1,177.9% during the 1st quarter. Jones Financial Companies Lllp now owns 22,888 shares of the company’s stock worth $892,000 after buying an additional 21,097 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in iShares Currency Hedged MSCI Eurozone ETF by 3.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 12,671 shares of the company’s stock worth $520,000 after buying an additional 420 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.