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

iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as $51.68 and last traded at $50.67, with a volume of 17025 shares traded. The stock had previously closed at $50.64.

iShares Currency Hedged MSCI Eurozone ETF Stock Down 0.1%

The firm has a 50-day moving average price of $49.14 and a 200 day moving average price of $46.92. The firm has a market capitalization of $589.61 million, a PE ratio of 16.09 and a beta of 0.66.

Hedge Funds Weigh In On iShares Currency Hedged MSCI Eurozone ETF

Several hedge funds have recently bought and sold shares of HEZU. Goldman Sachs Group Inc. increased its stake in iShares Currency Hedged MSCI Eurozone ETF by 26.4% during the first quarter. Goldman Sachs Group Inc. now owns 155,423 shares of the company’s stock worth $6,057,000 after purchasing an additional 32,459 shares during the period. Jones Financial Companies Lllp lifted its position in shares of iShares Currency Hedged MSCI Eurozone ETF by 1,177.9% during the first quarter. Jones Financial Companies Lllp now owns 22,888 shares of the company’s stock worth $892,000 after purchasing an additional 21,097 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of iShares Currency Hedged MSCI Eurozone ETF by 4.7% in the first quarter. Royal Bank of Canada now owns 51,645 shares of the company’s stock valued at $2,013,000 after purchasing an additional 2,309 shares during the period. IFC & Insurance Marketing Inc. purchased a new position in shares of iShares Currency Hedged MSCI Eurozone ETF in the fourth quarter valued at approximately $35,000. Finally, Banco Bilbao Vizcaya Argentaria S.A. acquired a new position in shares of iShares Currency Hedged MSCI Eurozone ETF in the third quarter valued at approximately $279,000.

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.