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

Shares of iShares Currency Hedged MSCI EAFE ETF (BATS:HEFA) hit a new 52-week high on Monday . The stock traded as high as $35.22 and last traded at $35.45, with a volume of 608060 shares. The stock had previously closed at $35.19.

iShares Currency Hedged MSCI EAFE ETF Stock Performance

The firm has a market capitalization of $6.86 billion, a PE ratio of 16.31 and a beta of 0.62. The company’s fifty day moving average price is $35.20 and its two-hundred day moving average price is $35.09.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of HEFA. Comerica Bank raised its holdings in iShares Currency Hedged MSCI EAFE ETF by 31.8% in the first quarter. Comerica Bank now owns 86,228 shares of the company’s stock valued at $3,008,000 after buying an additional 20,810 shares during the period. EverSource Wealth Advisors LLC acquired a new stake in iShares Currency Hedged MSCI EAFE ETF in the first quarter valued at approximately $156,000. Valeo Financial Advisors LLC grew its position in iShares Currency Hedged MSCI EAFE ETF by 63.8% in the second quarter. Valeo Financial Advisors LLC now owns 488,128 shares of the company’s stock valued at $17,355,000 after acquiring an additional 190,154 shares in the last quarter. ORG Partners LLC acquired a new stake in iShares Currency Hedged MSCI EAFE ETF in the second quarter valued at approximately $71,000. Finally, AdvisorNet Financial Inc grew its position in iShares Currency Hedged MSCI EAFE ETF by 46.2% in the second quarter. AdvisorNet Financial Inc now owns 109,725 shares of the company’s stock valued at $3,901,000 after acquiring an additional 34,666 shares in the last quarter.

iShares Currency Hedged MSCI EAFE ETF Company Profile

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.