iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) Trading 2.1% Higher – Time to Buy?

iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) traded up 2.1% during trading on Monday . The stock traded as high as $37.09 and last traded at $36.85. 14,598 shares traded hands during trading, a decline of 59% from the average session volume of 35,500 shares. The stock had previously closed at $36.09.

iShares Currency Hedged MSCI Emerging Markets ETF Price Performance

The business’s fifty day moving average price is $37.88 and its 200 day moving average price is $35.59. The stock has a market cap of $208.57 million, a P/E ratio of 13.80 and a beta of 0.53.

Hedge Funds Weigh In On iShares Currency Hedged MSCI Emerging Markets ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Flow Traders U.S. LLC acquired a new stake in iShares Currency Hedged MSCI Emerging Markets ETF in the third quarter valued at approximately $204,000. Jones Financial Companies Lllp bought a new position in shares of iShares Currency Hedged MSCI Emerging Markets ETF in the 1st quarter valued at $299,000. Finally, Ameriprise Financial Inc. boosted its holdings in shares of 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.

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.