iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) Hits New 52-Week High – Still a Buy?

Shares of iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) reached a new 52-week high on Tuesday . The company traded as high as $50.19 and last traded at $50.19, with a volume of 24256 shares. The stock had previously closed at $50.02.

iShares Currency Hedged MSCI Eurozone ETF Trading Down 0.3%

The firm has a fifty day simple moving average of $47.41 and a 200 day simple moving average of $45.72. The stock has a market cap of $623.70 million, a price-to-earnings ratio of 16.09 and a beta of 0.67.

Institutional Trading of iShares Currency Hedged MSCI Eurozone ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. IFC & Insurance Marketing Inc. acquired a new position in shares of iShares Currency Hedged MSCI Eurozone ETF in the fourth quarter valued at $35,000. Farther Finance Advisors LLC boosted its stake in iShares Currency Hedged MSCI Eurozone ETF by 198.1% during the fourth quarter. Farther Finance Advisors LLC now owns 1,416 shares of the company’s stock worth $62,000 after buying an additional 941 shares in the last quarter. Flagship Harbor Advisors LLC bought a new stake in iShares Currency Hedged MSCI Eurozone ETF in the 4th quarter valued at $102,000. Piscataqua Savings Bank bought a new stake in iShares Currency Hedged MSCI Eurozone ETF in the 4th quarter valued at $165,000. Finally, Flow Traders U.S. LLC raised its stake in shares of iShares Currency Hedged MSCI Eurozone ETF by 131.3% in the 3rd quarter. Flow Traders U.S. LLC now owns 200,356 shares of the company’s stock valued at $8,448,000 after buying an additional 113,752 shares in the last quarter.

About iShares Currency Hedged MSCI Eurozone ETF

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.