iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) Reaches New 52-Week High – What’s Next?

iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $50.22 and last traded at $50.13, with a volume of 15753 shares changing hands. The stock had previously closed at $49.56.

iShares Currency Hedged MSCI Eurozone ETF Stock Up 1.2%

The stock has a 50-day moving average price of $48.79 and a 200 day moving average price of $46.64. The firm has a market capitalization of $584.01 million, a price-to-earnings ratio of 16.09 and a beta of 0.66.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its holdings in iShares Currency Hedged MSCI Eurozone ETF by 26.4% in the first quarter. Goldman Sachs Group Inc. now owns 155,423 shares of the company’s stock valued at $6,057,000 after buying an additional 32,459 shares during the last quarter. Royal Bank of Canada lifted its holdings in iShares Currency Hedged MSCI Eurozone ETF by 4.7% during the 1st quarter. Royal Bank of Canada now owns 51,645 shares of the company’s stock worth $2,013,000 after buying an additional 2,309 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of iShares Currency Hedged MSCI Eurozone ETF by 1,177.9% during the 1st quarter. Jones Financial Companies Lllp now owns 22,888 shares of the company’s stock worth $892,000 after acquiring an additional 21,097 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of iShares Currency Hedged MSCI Eurozone ETF by 3.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 12,671 shares of the company’s stock worth $520,000 after acquiring an additional 420 shares in the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. acquired a new position in shares of iShares Currency Hedged MSCI Eurozone ETF during the 3rd quarter worth about $279,000.

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.