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

iShares Currency Hedged MSCI EAFE ETF (BATS:HEFA) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $35.51 and last traded at $35.47, with a volume of 297725 shares trading hands. The stock had previously closed at $35.17.

iShares Currency Hedged MSCI EAFE ETF Stock Performance

The business’s fifty day moving average price is $35.09 and its 200-day moving average price is $35.03. The stock has a market cap of $6.86 billion, a PE ratio of 16.31 and a beta of 0.62.

Hedge Funds Weigh In On iShares Currency Hedged MSCI EAFE ETF

Several hedge funds and other institutional investors have recently modified their holdings of HEFA. Richardson Capital Management LLC increased its position in shares of iShares Currency Hedged MSCI EAFE ETF by 891.2% during the 2nd quarter. Richardson Capital Management LLC now owns 902 shares of the company’s stock valued at $32,000 after purchasing an additional 811 shares during the last quarter. BNP Paribas Financial Markets raised its position in iShares Currency Hedged MSCI EAFE ETF by 159.6% in the first quarter. BNP Paribas Financial Markets now owns 1,145 shares of the company’s stock worth $40,000 after acquiring an additional 704 shares during the period. WR Wealth Planners LLC boosted its stake in shares of iShares Currency Hedged MSCI EAFE ETF by 3,009.8% during the 2nd quarter. WR Wealth Planners LLC now owns 1,275 shares of the company’s stock worth $45,000 after acquiring an additional 1,234 shares during the last quarter. Gilliland Jeter Wealth Management LLC boosted its stake in shares of iShares Currency Hedged MSCI EAFE ETF by 73.8% during the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 1,535 shares of the company’s stock worth $55,000 after acquiring an additional 652 shares during the last quarter. Finally, Global Financial Private Client LLC bought a new stake in shares of iShares Currency Hedged MSCI EAFE ETF during the 1st quarter valued at $58,000.

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.