WisdomTree Europe Hedged Equity Fund (NYSEARCA:HEDJ) Hits New 12-Month High – Should You Buy?

WisdomTree Europe Hedged Equity Fund (NYSEARCA:HEDJ)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $58.39 and last traded at $58.2380, with a volume of 1328 shares changing hands. The stock had previously closed at $57.97.

WisdomTree Europe Hedged Equity Fund Price Performance

The firm’s 50-day moving average price is $56.87 and its 200 day moving average price is $55.24. The firm has a market cap of $1.88 billion, a P/E ratio of 15.27 and a beta of 0.75.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Wealthcare Advisory Partners LLC bought a new stake in shares of WisdomTree Europe Hedged Equity Fund in the 2nd quarter valued at approximately $219,000. Eastern Bank bought a new position in WisdomTree Europe Hedged Equity Fund during the second quarter worth $28,000. Boothe Investment Group Inc. lifted its stake in WisdomTree Europe Hedged Equity Fund by 1.9% during the first quarter. Boothe Investment Group Inc. now owns 446,382 shares of the company’s stock worth $23,346,000 after purchasing an additional 8,385 shares during the last quarter. Valley Wealth Managers Inc. boosted its holdings in WisdomTree Europe Hedged Equity Fund by 21.6% in the first quarter. Valley Wealth Managers Inc. now owns 195,544 shares of the company’s stock worth $10,227,000 after purchasing an additional 34,743 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in WisdomTree Europe Hedged Equity Fund by 0.3% in the first quarter. Bank of New York Mellon Corp now owns 430,900 shares of the company’s stock worth $22,536,000 after purchasing an additional 1,236 shares during the period.

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.