iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) Hits New 52-Week High – Should You Buy?

iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU)’s stock price reached a new 52-week high on Monday . The stock traded as high as $45.55 and last traded at $45.5450, with a volume of 517 shares changing hands. The stock had previously closed at $45.49.

iShares Currency Hedged MSCI Eurozone ETF Stock Down 0.3%

The stock has a market cap of $647.24 million, a PE ratio of 16.09 and a beta of 0.76. The business’s 50-day simple moving average is $43.67 and its 200-day simple moving average is $42.24.

Hedge Funds Weigh In On iShares Currency Hedged MSCI Eurozone ETF

Hedge funds have recently added to or reduced their stakes in the company. Kelleher Financial Advisors bought a new position in iShares Currency Hedged MSCI Eurozone ETF in the third quarter worth approximately $26,000. WFA of San Diego LLC acquired a new position in iShares Currency Hedged MSCI Eurozone ETF in the second quarter valued at approximately $41,000. Jones Financial Companies Lllp increased its position in shares of 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 in the last quarter. Strategic Blueprint LLC increased its stake in 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 buying an additional 1,159 shares in the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. acquired a new stake in iShares Currency Hedged MSCI Eurozone ETF during the third quarter worth about $279,000.

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.