iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) Reaches New 12-Month High – Here’s Why

iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $50.19 and last traded at $50.19, with a volume of 24256 shares traded. The stock had previously closed at $50.02.

iShares Currency Hedged MSCI Eurozone ETF Price Performance

The firm has a market cap of $637.41 million, a P/E ratio of 16.09 and a beta of 0.67. The stock’s 50-day simple moving average is $47.29 and its two-hundred day simple moving average is $45.64.

Hedge Funds Weigh In On iShares Currency Hedged MSCI Eurozone ETF

Several hedge funds have recently added to or reduced their stakes in the company. Kelleher Financial Advisors purchased a new stake in iShares Currency Hedged MSCI Eurozone ETF in the 3rd quarter worth about $26,000. IFC & Insurance Marketing Inc. purchased a new position in shares of iShares Currency Hedged MSCI Eurozone ETF during the fourth quarter valued at approximately $35,000. WFA of San Diego LLC bought a new position in shares of iShares Currency Hedged MSCI Eurozone ETF during the second quarter valued at approximately $41,000. Farther Finance Advisors LLC grew its stake in shares of iShares Currency Hedged MSCI Eurozone ETF by 198.1% during the fourth quarter. Farther Finance Advisors LLC now owns 1,416 shares of the company’s stock valued at $62,000 after buying an additional 941 shares during the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of iShares Currency Hedged MSCI Eurozone ETF in the fourth quarter worth approximately $102,000.

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.