iShares Currency Hedged MSCI EAFE ETF (BATS:HEFA) Reaches New 12-Month High – What’s Next?

iShares Currency Hedged MSCI EAFE ETF (BATS:HEFA) shares reached a new 52-week high on Wednesday . The stock traded as high as $45.90 and last traded at $45.76, with a volume of 390125 shares traded. The stock had previously closed at $45.31.

iShares Currency Hedged MSCI EAFE ETF Stock Performance

The stock has a market capitalization of $7.67 billion, a P/E ratio of 15.74 and a beta of 0.67. The company’s 50-day moving average price is $43.89 and its 200 day moving average price is $42.98.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of HEFA. Ameriprise Financial Inc. raised its position in shares of 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 valued at $251,244,000 after buying an additional 848,415 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of 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 valued at $3,273,000 after buying an additional 59,550 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of iShares Currency Hedged MSCI EAFE ETF by 34.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 208,246 shares of the company’s stock valued at $8,215,000 after buying an additional 52,964 shares in the last quarter. Crescent Grove Advisors LLC raised its position in shares of iShares Currency Hedged MSCI EAFE ETF by 28.5% during the 4th quarter. Crescent Grove Advisors LLC now owns 202,951 shares of the company’s stock valued at $8,394,000 after buying an additional 45,035 shares in the last quarter. Finally, Osprey Private Wealth LLC purchased a new stake in shares of iShares Currency Hedged MSCI EAFE ETF during the 4th quarter valued at about $1,433,000.

iShares Currency Hedged MSCI EAFE ETF Company Profile

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.