iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) Hits New 1-Year High – Should You Buy?

iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $50.22 and last traded at $50.13, with a volume of 15753 shares changing hands. The stock had previously closed at $49.56.

iShares Currency Hedged MSCI Eurozone ETF Stock Performance

The firm has a market capitalization of $584.48 million, a PE ratio of 16.09 and a beta of 0.66. The company has a fifty day simple moving average of $48.86 and a two-hundred day simple moving average of $46.71.

Institutional Trading of iShares Currency Hedged MSCI Eurozone ETF

A number of institutional investors have recently made changes to their positions in HEZU. Goldman Sachs Group Inc. lifted its stake in shares of iShares Currency Hedged MSCI Eurozone ETF by 26.4% during the first quarter. Goldman Sachs Group Inc. now owns 155,423 shares of the company’s stock worth $6,057,000 after buying an additional 32,459 shares during the period. Jones Financial Companies Lllp raised its stake in iShares Currency Hedged MSCI Eurozone ETF by 1,177.9% in the 1st quarter. Jones Financial Companies Lllp now owns 22,888 shares of the company’s stock worth $892,000 after acquiring an additional 21,097 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. purchased a new position in iShares Currency Hedged MSCI Eurozone ETF in the 3rd quarter worth $279,000. Flagship Harbor Advisors LLC acquired a new stake in iShares Currency Hedged MSCI Eurozone ETF during the 4th quarter worth about $102,000. Finally, Royal Bank of Canada grew its stake in iShares Currency Hedged MSCI Eurozone ETF by 4.7% during the 1st quarter. Royal Bank of Canada now owns 51,645 shares of the company’s stock valued at $2,013,000 after purchasing an additional 2,309 shares during the last quarter.

About iShares Currency Hedged MSCI Eurozone ETF

The iShares Currency Hedged MSCI Eurozone ETF (HEZU) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a cap-weighted index of large- and mid-cap securities from the eurozone, while hedging out its exposure to the euro currency relative to the US dollar. HEZU was launched on Jul 10, 2014 and is managed by BlackRock.