iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) Stock Price Up 0.7% – Still a Buy?

iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) shares rose 0.7% on Wednesday . The stock traded as high as $28.79 and last traded at $28.63. Approximately 5,410 shares traded hands during trading, The stock had previously closed at $28.43.

iShares Currency Hedged MSCI Emerging Markets ETF Price Performance

The company has a market cap of $173.39 million, a P/E ratio of 12.20 and a beta of 0.73. The company’s 50-day moving average is $27.63 and its two-hundred day moving average is $26.98.

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

A hedge fund recently bought a new stake in iShares Currency Hedged MSCI Emerging Markets ETF stock. Amarillo National Bank bought a new position in iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 451,698 shares of the company’s stock, valued at approximately $12,241,000. iShares Currency Hedged MSCI Emerging Markets ETF accounts for about 2.3% of Amarillo National Bank’s investment portfolio, making the stock its 13th largest position. Amarillo National Bank owned approximately 7.52% of iShares Currency Hedged MSCI Emerging Markets ETF 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.