iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) Hits 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 Thursday . The company traded as high as $44.03 and last traded at $43.99, with a volume of 13041 shares trading hands. The stock had previously closed at $43.75.

iShares Currency Hedged MSCI Eurozone ETF Price Performance

The stock has a market capitalization of $699.36 million, a P/E ratio of 16.09 and a beta of 0.76. The stock’s fifty day moving average price is $43.05 and its 200 day moving average price is $41.71.

Hedge Funds Weigh In On iShares Currency Hedged MSCI Eurozone ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sierra Capital LLC acquired a new stake in shares of iShares Currency Hedged MSCI Eurozone ETF during the second quarter worth about $1,055,000. Deutsche Bank AG raised its position in iShares Currency Hedged MSCI Eurozone ETF by 13.9% during the 1st quarter. Deutsche Bank AG now owns 9,792 shares of the company’s stock worth $382,000 after buying an additional 1,192 shares during the last quarter. Strategic Blueprint LLC raised its position in iShares Currency Hedged MSCI Eurozone ETF by 21.2% during the 2nd quarter. Strategic Blueprint LLC now owns 6,614 shares of the company’s stock worth $271,000 after buying an additional 1,159 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in iShares Currency Hedged MSCI Eurozone ETF by 21.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 437,715 shares of the company’s stock valued at $17,959,000 after acquiring an additional 78,155 shares during the period. Finally, Ascent Group LLC purchased a new stake in shares of iShares Currency Hedged MSCI Eurozone ETF in the 1st quarter valued at $324,000.

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.