WisdomTree Europe Hedged Equity Fund (NYSEARCA:HEDJ) Hits New 12-Month High – Should You Buy?

WisdomTree Europe Hedged Equity Fund (NYSEARCA:HEDJ) shares reached a new 52-week high on Friday . The stock traded as high as $51.60 and last traded at $51.55, with a volume of 56197 shares. The stock had previously closed at $51.35.

WisdomTree Europe Hedged Equity Fund Trading Up 0.4%

The company’s 50-day moving average price is $50.16 and its two-hundred day moving average price is $48.75. The company has a market cap of $1.75 billion, a P/E ratio of 15.27 and a beta of 0.88.

Institutional Investors Weigh In On WisdomTree Europe Hedged Equity Fund

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE increased its position in shares of WisdomTree Europe Hedged Equity Fund by 5.7% in the 2nd quarter. Bank of America Corp DE now owns 1,337,668 shares of the company’s stock worth $64,369,000 after purchasing an additional 72,106 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of WisdomTree Europe Hedged Equity Fund by 158.0% in the 1st quarter. LPL Financial LLC now owns 706,868 shares of the company’s stock valued at $33,562,000 after buying an additional 432,931 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of WisdomTree Europe Hedged Equity Fund by 597.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 498,487 shares of the company’s stock valued at $23,987,000 after buying an additional 427,009 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in shares of WisdomTree Europe Hedged Equity Fund by 0.6% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 407,099 shares of the company’s stock valued at $19,590,000 after buying an additional 2,260 shares during the period. Finally, Royal Bank of Canada boosted its holdings in shares of WisdomTree Europe Hedged Equity Fund by 0.6% in the 1st quarter. Royal Bank of Canada now owns 401,602 shares of the company’s stock valued at $19,068,000 after buying an additional 2,375 shares during the period.

About WisdomTree Europe Hedged Equity Fund

WisdomTree Europe Hedged Equity Fund (the Fund), formerly WisdomTree International Hedged Equity Fund, is an exchange-traded fund. The Fund seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Europe Hedged Equity Index. The WisdomTree Europe Hedged Equity Index provides exposure to European equities while at the same time neutralizing exposure to fluctuations between the Euro and the United States dollar.