iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) Reaches New 12-Month High – Still a Buy?

Shares of iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $48.63 and last traded at $48.24, with a volume of 14020 shares changing hands. The stock had previously closed at $47.38.

iShares Currency Hedged MSCI Eurozone ETF Trading Up 1.3%

The firm has a market capitalization of $609.73 million, a price-to-earnings ratio of 16.09 and a beta of 0.67. The company has a 50-day moving average of $46.49 and a 200-day moving average of $45.27.

Institutional Investors Weigh In On iShares Currency Hedged MSCI Eurozone ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. IFC & Insurance Marketing Inc. acquired a new stake in shares of iShares Currency Hedged MSCI Eurozone ETF during the 4th quarter valued at approximately $35,000. Farther Finance Advisors LLC raised its position in shares of iShares Currency Hedged MSCI Eurozone ETF by 198.1% during the 4th quarter. Farther Finance Advisors LLC now owns 1,416 shares of the company’s stock valued at $62,000 after acquiring an additional 941 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new stake in shares of iShares Currency Hedged MSCI Eurozone ETF during the 4th quarter valued at approximately $102,000. Piscataqua Savings Bank acquired a new stake in shares of iShares Currency Hedged MSCI Eurozone ETF during the 4th quarter valued at approximately $165,000. Finally, Flow Traders U.S. LLC increased its position in iShares Currency Hedged MSCI Eurozone ETF by 131.3% in the third quarter. Flow Traders U.S. LLC now owns 200,356 shares of the company’s stock worth $8,448,000 after buying an additional 113,752 shares during the period.

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.