iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) Shares Up 2.1% – Should You Buy?

iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEMGet Free Report) traded up 2.1% on Monday . The stock traded as high as $37.09 and last traded at $36.85. 14,598 shares traded hands during trading, a decline of 59% from the average session volume of 35,500 shares. The stock had previously closed at $36.09.

iShares Currency Hedged MSCI Emerging Markets ETF Price Performance

The business has a 50-day simple moving average of $37.88 and a 200 day simple moving average of $35.64. The firm has a market cap of $210.16 million, a PE ratio of 13.80 and a beta of 0.53.

Institutional Investors Weigh In On iShares Currency Hedged MSCI Emerging Markets ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp bought a new stake in iShares Currency Hedged MSCI Emerging Markets ETF during the 1st quarter worth approximately $299,000. Ameriprise Financial Inc. raised its position in shares of iShares Currency Hedged MSCI Emerging Markets ETF by 4.6% during 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 period. Finally, Flow Traders U.S. LLC purchased a new position in shares of iShares Currency Hedged MSCI Emerging Markets ETF during the 3rd quarter valued at $204,000.

iShares Currency Hedged MSCI Emerging Markets ETF Company Profile

(Get Free Report)

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.

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