iShares Currency Hedged MSCI EAFE ETF (BATS:HEFA) Sets New 1-Year High – Still a Buy?

iShares Currency Hedged MSCI EAFE ETF (BATS:HEFA)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $45.24 and last traded at $45.19, with a volume of 294952 shares trading hands. The stock had previously closed at $45.05.

iShares Currency Hedged MSCI EAFE ETF Price Performance

The company has a market capitalization of $7.65 billion, a P/E ratio of 15.74 and a beta of 0.67. The company has a fifty day moving average price of $43.56 and a 200 day moving average price of $42.78.

Hedge Funds Weigh In On iShares Currency Hedged MSCI EAFE ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Private Trust Co. NA boosted its position in shares of iShares Currency Hedged MSCI EAFE ETF by 135.9% during the fourth quarter. Private Trust Co. NA now owns 670 shares of the company’s stock worth $28,000 after buying an additional 386 shares during the period. Millstone Evans Group LLC acquired a new position in shares of iShares Currency Hedged MSCI EAFE ETF during the fourth quarter worth approximately $29,000. GPS Wealth Strategies Group LLC boosted its position in shares of iShares Currency Hedged MSCI EAFE ETF by 241.5% during the third quarter. GPS Wealth Strategies Group LLC now owns 1,127 shares of the company’s stock worth $45,000 after buying an additional 797 shares during the period. Triumph Capital Management acquired a new position in shares of iShares Currency Hedged MSCI EAFE ETF during the third quarter worth approximately $49,000. Finally, Bessemer Group Inc. boosted its position in shares of iShares Currency Hedged MSCI EAFE ETF by 39.9% during the first quarter. Bessemer Group Inc. now owns 1,186 shares of the company’s stock worth $50,000 after buying an additional 338 shares during the period.

About iShares Currency Hedged MSCI EAFE ETF

The iShares Currency Hedged MSCI EAFE ETF (HEFA) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market cap-weighted, USD-hedged index of large- and mid-cap stocks from developed countries outside the US and Canada. HEFA was launched on Jan 31, 2014 and is managed by BlackRock.