iShares Currency Hedged MSCI EAFE ETF (BATS:HEFA) Reaches New 12-Month High – Should You Buy?

iShares Currency Hedged MSCI EAFE ETF (BATS:HEFA)’s share price reached a new 52-week high on Monday . The stock traded as high as $34.89 and last traded at $34.81, with a volume of 825490 shares. The stock had previously closed at $34.80.

iShares Currency Hedged MSCI EAFE ETF Price Performance

The business’s 50-day moving average price is $35.14 and its two-hundred day moving average price is $35.11. The company has a market capitalization of $6.73 billion, a P/E ratio of 16.31 and a beta of 0.62.

Institutional Investors Weigh In On iShares Currency Hedged MSCI EAFE ETF

A number of large investors have recently made changes to their positions in HEFA. TIAA Trust National Association lifted its position in shares of iShares Currency Hedged MSCI EAFE ETF by 26.6% in the 2nd quarter. TIAA Trust National Association now owns 1,889,848 shares of the company’s stock worth $67,194,000 after purchasing an additional 396,558 shares during the period. Prime Capital Investment Advisors LLC boosted its position in iShares Currency Hedged MSCI EAFE ETF by 212.0% during the 2nd quarter. Prime Capital Investment Advisors LLC now owns 1,854,984 shares of the company’s stock valued at $65,954,000 after acquiring an additional 1,260,530 shares in the last quarter. Flow Traders U.S. LLC bought a new stake in shares of iShares Currency Hedged MSCI EAFE ETF during the third quarter valued at approximately $23,510,000. Valeo Financial Advisors LLC raised its holdings in iShares Currency Hedged MSCI EAFE ETF by 0.3% in the third quarter. Valeo Financial Advisors LLC now owns 489,540 shares of the company’s stock worth $17,340,000 after purchasing an additional 1,412 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in iShares Currency Hedged MSCI EAFE ETF by 2.8% during the second quarter. Farther Finance Advisors LLC now owns 377,512 shares of the company’s stock valued at $13,462,000 after buying an additional 10,403 shares during the period.

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.