WisdomTree Europe Hedged Equity Fund (NYSEARCA:HEDJ) Reaches New 52-Week High – Here’s Why

WisdomTree Europe Hedged Equity Fund (NYSEARCA:HEDJ) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $58.36 and last traded at $58.2850, with a volume of 8125 shares trading hands. The stock had previously closed at $57.85.

WisdomTree Europe Hedged Equity Fund Trading Up 0.7%

The stock has a market capitalization of $1.90 billion, a PE ratio of 15.27 and a beta of 0.75. The firm has a 50 day moving average of $55.55 and a two-hundred day moving average of $54.26.

Hedge Funds Weigh In On WisdomTree Europe Hedged Equity Fund

Several hedge funds have recently bought and sold shares of the stock. Stifel Financial Corp increased its position in WisdomTree Europe Hedged Equity Fund by 0.8% during the fourth quarter. Stifel Financial Corp now owns 26,077 shares of the company’s stock worth $1,384,000 after buying an additional 200 shares in the last quarter. NWF Advisory Services Inc. increased its position in WisdomTree Europe Hedged Equity Fund by 3.6% during the first quarter. NWF Advisory Services Inc. now owns 6,088 shares of the company’s stock worth $318,000 after buying an additional 212 shares in the last quarter. Lido Advisors LLC increased its position in WisdomTree Europe Hedged Equity Fund by 1.8% during the fourth quarter. Lido Advisors LLC now owns 14,944 shares of the company’s stock worth $754,000 after buying an additional 269 shares in the last quarter. Franklin Resources Inc. grew its position in shares of WisdomTree Europe Hedged Equity Fund by 13.5% in the fourth quarter. Franklin Resources Inc. now owns 2,914 shares of the company’s stock valued at $155,000 after purchasing an additional 346 shares during the period. Finally, Farther Finance Advisors LLC grew its position in shares of WisdomTree Europe Hedged Equity Fund by 66.3% in the fourth quarter. Farther Finance Advisors LLC now owns 918 shares of the company’s stock valued at $49,000 after purchasing an additional 366 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. The Index hedges against fluctuations in the relative value of the Euro against the United States dollar.