iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) Shares Gap Up – Time to Buy?

iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) shares gapped up before the market opened on Tuesday . The stock had previously closed at $45.30, but opened at $48.00. iShares Currency Hedged MSCI Eurozone ETF shares last traded at $45.50, with a volume of 12,734 shares.

iShares Currency Hedged MSCI Eurozone ETF Stock Up 0.6%

The business’s fifty day moving average is $44.05 and its two-hundred day moving average is $42.54. The stock has a market capitalization of $655.92 million, a PE ratio of 16.09 and a beta of 0.76.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in HEZU. Flow Traders U.S. LLC raised its position in iShares Currency Hedged MSCI Eurozone ETF by 131.3% during the third quarter. Flow Traders U.S. LLC now owns 200,356 shares of the company’s stock valued at $8,448,000 after purchasing an additional 113,752 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of iShares Currency Hedged MSCI Eurozone ETF by 21.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 437,715 shares of the company’s stock worth $17,959,000 after purchasing an additional 78,155 shares during the period. Goldman Sachs Group Inc. increased its position in shares of 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 valued at $6,057,000 after purchasing an additional 32,459 shares during the last quarter. Sierra Capital LLC purchased a new stake in iShares Currency Hedged MSCI Eurozone ETF during the 2nd quarter valued at $1,055,000. Finally, Jones Financial Companies Lllp lifted its position in iShares Currency Hedged MSCI Eurozone ETF by 1,177.9% in the first 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 during the last quarter.

iShares Currency Hedged MSCI Eurozone ETF Company Profile

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.