iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) Stock Jumps 0.2% – Here’s What Happened

iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM)’s stock price were up 0.2% on Tuesday. The company traded as high as $38.95 and last traded at $38.81. Approximately 10,294 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 69,207 shares. The stock had previously closed at $38.75.

iShares Currency Hedged MSCI Emerging Markets ETF Price Performance

The company’s fifty day moving average is $41.33 and its 200-day moving average is $40.79. The stock has a market cap of $210.04 million, a PE ratio of 13.80 and a beta of 0.53.

Institutional Investors Weigh In On iShares Currency Hedged MSCI Emerging Markets ETF

A hedge fund recently raised its stake in iShares Currency Hedged MSCI Emerging Markets ETF stock. Kingswood Wealth Advisors LLC raised its stake in shares of iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) by 1.5% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 80,388 shares of the company’s stock after buying an additional 1,225 shares during the period. Kingswood Wealth Advisors LLC owned about 1.42% of iShares Currency Hedged MSCI Emerging Markets ETF worth $3,396,000 at the end of the most recent quarter.

About iShares Currency Hedged MSCI Emerging Markets ETF

The iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of broad emerging market equities with currency exposure from the underlying stocks hedged out for USD investors. HEEM was launched on Sep 23, 2014 and is managed by BlackRock.