iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) Hits New 52-Week High – Should You Buy?

iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) reached a new 52-week high on Monday . The stock traded as high as $45.55 and last traded at $45.5450, with a volume of 517 shares trading hands. The stock had previously closed at $45.49.

iShares Currency Hedged MSCI Eurozone ETF Price Performance

The company has a market capitalization of $647.73 million, a PE ratio of 16.09 and a beta of 0.76. The stock has a 50-day simple moving average of $43.56 and a 200 day simple moving average of $42.17.

Hedge Funds Weigh In On iShares Currency Hedged MSCI Eurozone ETF

Several 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 worth $8,448,000 after acquiring an additional 113,752 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of iShares Currency Hedged MSCI Eurozone ETF by 21.7% during 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 in the last quarter. Goldman Sachs Group Inc. raised 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 worth $6,057,000 after purchasing an additional 32,459 shares during the last quarter. Sierra Capital LLC acquired a new position in shares of iShares Currency Hedged MSCI Eurozone ETF during the 2nd quarter worth approximately $1,055,000. Finally, Jones Financial Companies Lllp lifted its stake in iShares Currency Hedged MSCI Eurozone ETF by 1,177.9% in the 1st quarter. Jones Financial Companies Lllp now owns 22,888 shares of the company’s stock valued at $892,000 after buying an additional 21,097 shares in 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.