iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) Reaches New 52-Week High – Still a Buy?

Shares of iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) reached a new 52-week high during trading on Friday . The company traded as high as $44.10 and last traded at $44.1550, with a volume of 1979 shares traded. The stock had previously closed at $43.87.

iShares Currency Hedged MSCI Eurozone ETF Stock Up 0.6%

The company’s fifty day simple moving average is $43.17 and its 200 day simple moving average is $41.81. The stock has a market capitalization of $705.92 million, a price-to-earnings ratio of 16.09 and a beta of 0.76.

Institutional Trading of iShares Currency Hedged MSCI Eurozone ETF

Several large investors have recently bought and sold shares of the business. Deutsche Bank AG grew its position in iShares Currency Hedged MSCI Eurozone ETF by 13.9% in the first quarter. Deutsche Bank AG now owns 9,792 shares of the company’s stock valued at $382,000 after acquiring an additional 1,192 shares during the last quarter. Summit Financial LLC acquired a new stake in shares of iShares Currency Hedged MSCI Eurozone ETF in the 1st quarter valued at approximately $1,820,000. Royal Bank of Canada grew its holdings in shares of iShares Currency Hedged MSCI Eurozone ETF by 4.7% during the 1st quarter. Royal Bank of Canada now owns 51,645 shares of the company’s stock valued at $2,013,000 after purchasing an additional 2,309 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of iShares Currency Hedged MSCI Eurozone ETF by 1,177.9% during the 1st quarter. Jones Financial Companies Lllp now owns 22,888 shares of the company’s stock valued at $892,000 after purchasing an additional 21,097 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in iShares Currency Hedged MSCI Eurozone ETF by 26.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 155,423 shares of the company’s stock worth $6,057,000 after purchasing an additional 32,459 shares in the last quarter.

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.