iShares Currency Hedged MSCI EAFE ETF (BATS:HEFA) Reaches New 1-Year High – Time to Buy?

iShares Currency Hedged MSCI EAFE ETF (BATS:HEFA) reached a new 52-week high on Wednesday . The stock traded as high as $44.62 and last traded at $44.6150, with a volume of 33715 shares trading hands. The stock had previously closed at $44.25.

iShares Currency Hedged MSCI EAFE ETF Price Performance

The stock has a market cap of $7.52 billion, a price-to-earnings ratio of 15.74 and a beta of 0.67. The stock’s 50-day moving average is $42.59 and its 200-day moving average is $40.89.

Institutional Trading of iShares Currency Hedged MSCI EAFE ETF

Several institutional investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. boosted its stake in shares of iShares Currency Hedged MSCI EAFE ETF by 14.7% in the second quarter. Ameriprise Financial Inc. now owns 6,618,320 shares of the company’s stock valued at $251,244,000 after purchasing an additional 848,415 shares during the period. Flow Traders U.S. LLC acquired a new position in shares of iShares Currency Hedged MSCI EAFE ETF in the second quarter worth about $15,037,000. CX Institutional grew its stake in iShares Currency Hedged MSCI EAFE ETF by 511.5% during the 3rd quarter. CX Institutional now owns 233,308 shares of the company’s stock valued at $9,241,000 after purchasing an additional 195,154 shares in the last quarter. Partners Capital Investment Group LLP increased its holdings in iShares Currency Hedged MSCI EAFE ETF by 4.5% during the 3rd quarter. Partners Capital Investment Group LLP now owns 3,334,727 shares of the company’s stock worth $132,089,000 after purchasing an additional 143,990 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of iShares Currency Hedged MSCI EAFE ETF by 304.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 79,142 shares of the company’s stock valued at $3,273,000 after purchasing an additional 59,550 shares in the last quarter.

About iShares Currency Hedged MSCI EAFE ETF

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.