iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) Trading Up 0.5% – Here’s What Happened

iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM)’s share price traded up 0.5% on Monday . The stock traded as high as $39.13 and last traded at $39.11. 3,741 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 35,943 shares. The stock had previously closed at $38.90.

iShares Currency Hedged MSCI Emerging Markets ETF Price Performance

The company has a market cap of $224.99 million, a price-to-earnings ratio of 13.80 and a beta of 0.53. The firm has a 50 day simple moving average of $37.86 and a 200-day simple moving average of $36.10.

Institutional Trading of iShares Currency Hedged MSCI Emerging Markets ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Jones Financial Companies Lllp purchased a new position in iShares Currency Hedged MSCI Emerging Markets ETF during the first quarter worth about $299,000. Flow Traders U.S. LLC purchased a new position in shares of iShares Currency Hedged MSCI Emerging Markets ETF during the 3rd quarter worth approximately $204,000. Finally, Ameriprise Financial Inc. increased its holdings in iShares Currency Hedged MSCI Emerging Markets ETF by 4.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 26,248 shares of the company’s stock valued at $884,000 after purchasing an additional 1,146 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.