iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) Stock Price Down 0.2% – What’s Next?

iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) shares traded down 0.2% during trading on Thursday . The stock traded as low as $28.71 and last traded at $29.31. 46,366 shares changed hands during trading, The stock had previously closed at $29.38.

iShares Currency Hedged MSCI Emerging Markets ETF Price Performance

The stock has a 50-day moving average price of $28.30 and a two-hundred day moving average price of $27.91. The stock has a market cap of $160.91 million, a PE ratio of 13.80 and a beta of 0.52.

Institutional Investors Weigh In On iShares Currency Hedged MSCI Emerging Markets ETF

Several hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. purchased a new stake in shares of iShares Currency Hedged MSCI Emerging Markets ETF in the fourth quarter valued at approximately $44,000. Jones Financial Companies Lllp purchased a new position in iShares Currency Hedged MSCI Emerging Markets ETF in the 1st quarter valued at about $299,000. Wealth Preservation Advisors LLC purchased a new stake in iShares Currency Hedged MSCI Emerging Markets ETF during the 1st quarter worth approximately $493,000. Finally, TIAA Trust National Association lifted its position in shares of iShares Currency Hedged MSCI Emerging Markets ETF by 5.6% in the fourth quarter. TIAA Trust National Association now owns 767,630 shares of the company’s stock valued at $20,747,000 after acquiring an additional 41,039 shares in the last quarter.

iShares Currency Hedged MSCI Emerging Markets ETF Company Profile

The iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of broad emerging market equities with currency exposure from the underlying stocks hedged out for USD investors. HEEM was launched on Sep 23, 2014 and is managed by BlackRock.