iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) Trading 1.2% Higher – Time to Buy?

Shares of iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) traded up 1.2% during trading on Tuesday . The company traded as high as $34.3001 and last traded at $34.3001. 7,596 shares were traded during mid-day trading, The stock had previously closed at $33.90.

iShares Currency Hedged MSCI Emerging Markets ETF Price Performance

The business’s 50 day moving average price is $34.28 and its 200 day moving average price is $31.73. The stock has a market capitalization of $195.60 million, a P/E ratio of 13.80 and a beta of 0.53.

Hedge Funds Weigh In On iShares Currency Hedged MSCI Emerging Markets ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Ameriprise Financial Inc. grew its holdings in shares of iShares Currency Hedged MSCI Emerging Markets ETF by 4.6% in the third quarter. Ameriprise Financial Inc. now owns 26,248 shares of the company’s stock worth $884,000 after acquiring an additional 1,146 shares during the period. Flow Traders U.S. LLC bought a new stake in shares of iShares Currency Hedged MSCI Emerging Markets ETF during the 3rd quarter valued at about $204,000. Jones Financial Companies Lllp purchased a new stake in shares of iShares Currency Hedged MSCI Emerging Markets ETF during the 1st quarter valued at about $299,000. Wealth Preservation Advisors LLC bought a new position in shares of iShares Currency Hedged MSCI Emerging Markets ETF in the 1st quarter worth approximately $493,000. Finally, TIAA Trust National Association boosted its holdings in shares of iShares Currency Hedged MSCI Emerging Markets ETF by 18.9% in the first quarter. TIAA Trust National Association now owns 912,356 shares of the company’s stock worth $25,619,000 after buying an additional 144,726 shares during the last 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.