iShares Currency Hedged MSCI EAFE ETF (BATS:HEFA) Reaches New 12-Month High – Time to Buy?

iShares Currency Hedged MSCI EAFE ETF (BATS:HEFA)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $44.84 and last traded at $44.62, with a volume of 437031 shares. The stock had previously closed at $44.81.

iShares Currency Hedged MSCI EAFE ETF Price Performance

The company has a market cap of $7.52 billion, a P/E ratio of 15.74 and a beta of 0.67. The business’s 50 day moving average price is $42.83 and its 200-day moving average price is $41.08.

Institutional Trading of iShares Currency Hedged MSCI EAFE ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Ameriprise Financial Inc. grew its holdings in iShares Currency Hedged MSCI EAFE ETF by 14.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,618,320 shares of the company’s stock worth $251,244,000 after acquiring an additional 848,415 shares during the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of iShares Currency Hedged MSCI EAFE ETF in the second quarter valued at approximately $15,037,000. CX Institutional increased its holdings in shares of iShares Currency Hedged MSCI EAFE ETF by 511.5% in the third quarter. CX Institutional now owns 233,308 shares of the company’s stock valued at $9,241,000 after purchasing an additional 195,154 shares in the last quarter. Partners Capital Investment Group LLP raised its position in iShares Currency Hedged MSCI EAFE ETF by 4.5% in the 3rd quarter. Partners Capital Investment Group LLP now owns 3,334,727 shares of the company’s stock worth $132,089,000 after purchasing an additional 143,990 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in iShares Currency Hedged MSCI EAFE ETF by 304.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 79,142 shares of the company’s stock worth $3,273,000 after buying an additional 59,550 shares in the last quarter.

About iShares Currency Hedged MSCI EAFE ETF

The iShares Currency Hedged MSCI EAFE ETF (HEFA) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market cap-weighted, USD-hedged index of large- and mid-cap stocks from developed countries outside the US and Canada. HEFA was launched on Jan 31, 2014 and is managed by BlackRock.