WisdomTree Europe Hedged Equity Fund (NYSEARCA:HEDJ) Stock Jumps 0.1% – Here’s Why

WisdomTree Europe Hedged Equity Fund (NYSEARCA:HEDJ)’s stock price traded up 0.1% on Monday. The stock traded as high as $55.97 and last traded at $55.69. 64,045 shares were traded during mid-day trading, a decline of 1% from the average session volume of 64,597 shares. The stock had previously closed at $55.64.

WisdomTree Europe Hedged Equity Fund Price Performance

The company’s 50 day simple moving average is $56.84 and its two-hundred day simple moving average is $55.93. The company has a market cap of $1.74 billion, a PE ratio of 15.27 and a beta of 0.74.

Institutional Investors Weigh In On WisdomTree Europe Hedged Equity Fund

A number of hedge funds have recently bought and sold shares of HEDJ. Allianz Asset Management GmbH boosted its position in shares of WisdomTree Europe Hedged Equity Fund by 78.0% in the second quarter. Allianz Asset Management GmbH now owns 92,700 shares of the company’s stock valued at $5,284,000 after acquiring an additional 40,620 shares during the period. Valley Wealth Managers Inc. increased its position in WisdomTree Europe Hedged Equity Fund by 21.6% during the first quarter. Valley Wealth Managers Inc. now owns 195,544 shares of the company’s stock worth $10,227,000 after acquiring an additional 34,743 shares during the period. Hsbc Holdings PLC bought a new position in WisdomTree Europe Hedged Equity Fund during the fourth quarter worth about $1,727,000. Elevation Point Wealth Partners LLC increased its position in WisdomTree Europe Hedged Equity Fund by 14.8% during the first quarter. Elevation Point Wealth Partners LLC now owns 233,638 shares of the company’s stock worth $12,219,000 after acquiring an additional 30,098 shares during the period. Finally, J.Safra Asset Management Corp acquired a new stake in WisdomTree Europe Hedged Equity Fund in the 4th quarter worth about $1,546,000.

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.