iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) Trading Down 0.2% – Time to Sell?

iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM)’s share price dropped 0.2% during mid-day trading on Tuesday . The company traded as low as $34.50 and last traded at $34.50. Approximately 12,826 shares traded hands during mid-day trading, The stock had previously closed at $34.57.

iShares Currency Hedged MSCI Emerging Markets ETF Trading Down 0.2%

The firm’s fifty day moving average is $34.59 and its 200 day moving average is $32.34. The company has a market cap of $195.27 million, a PE ratio of 13.80 and a beta of 0.53.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of HEEM. Wealth Preservation Advisors LLC purchased a new stake in shares of iShares Currency Hedged MSCI Emerging Markets ETF during the first quarter worth $493,000. Ameriprise Financial Inc. grew its stake in 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 acquiring an additional 1,146 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in iShares Currency Hedged MSCI Emerging Markets ETF in the 1st quarter valued at about $299,000. Finally, Flow Traders U.S. LLC purchased a new position in iShares Currency Hedged MSCI Emerging Markets ETF in the 3rd quarter worth approximately $204,000.

iShares Currency Hedged MSCI Emerging Markets ETF Company Profile

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.