iShares Currency Hedged MSCI ACWI ex U.S. ETF (NYSEARCA:HAWX) Trading 0.1% Higher – Should You Buy?

Shares of iShares Currency Hedged MSCI ACWI ex U.S. ETF (NYSEARCA:HAWX) shot up 0.1% during mid-day trading on Monday . The company traded as high as $35.50 and last traded at $35.37. 9,581 shares changed hands during trading, a decline of 70% from the average session volume of 31,465 shares. The stock had previously closed at $35.32.

iShares Currency Hedged MSCI ACWI ex U.S. ETF Stock Performance

The business’s 50-day moving average price is $34.89 and its 200-day moving average price is $33.70. The stock has a market cap of $257.85 million, a P/E ratio of 15.74 and a beta of 0.68.

Hedge Funds Weigh In On iShares Currency Hedged MSCI ACWI ex U.S. ETF

A number of large investors have recently modified their holdings of the stock. Nova Wealth Management Inc. bought a new stake in shares of iShares Currency Hedged MSCI ACWI ex U.S. ETF during the first quarter valued at approximately $48,000. Flow Traders U.S. LLC acquired a new position in shares of iShares Currency Hedged MSCI ACWI ex U.S. ETF in the 1st quarter valued at $670,000. NewEdge Advisors LLC increased its position in shares of iShares Currency Hedged MSCI ACWI ex U.S. ETF by 731.1% during the first quarter. NewEdge Advisors LLC now owns 188,976 shares of the company’s stock worth $6,320,000 after purchasing an additional 166,237 shares in the last quarter. Finally, Partners Capital Investment Group LLP acquired a new stake in shares of iShares Currency Hedged MSCI ACWI ex U.S. ETF in the first quarter valued at approximately $12,255,000.

About iShares Currency Hedged MSCI ACWI ex U.S. ETF

The iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of global large- and mid-cap stocks outside the US, hedged against movements in the underlying currencies for US investors. HAWX was launched on Jun 29, 2015 and is managed by BlackRock.