iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) Trading Up 0.5% – Here’s Why

Shares of iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) were up 0.5% during mid-day trading on Monday . The company traded as high as $39.13 and last traded at $39.11. Approximately 3,741 shares traded hands during trading, a decline of 90% from the average daily volume of 35,943 shares. The stock had previously closed at $38.90.

iShares Currency Hedged MSCI Emerging Markets ETF Stock Up 0.5%

The firm has a market cap of $221.36 million, a P/E ratio of 13.80 and a beta of 0.53. The stock’s 50-day moving average is $37.82 and its 200-day moving average is $36.05.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Ameriprise Financial Inc. increased its holdings in iShares Currency Hedged MSCI Emerging Markets ETF by 4.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 26,248 shares of the company’s stock valued at $884,000 after buying an additional 1,146 shares during the period. Jones Financial Companies Lllp bought a new stake in iShares Currency Hedged MSCI Emerging Markets ETF in the 1st quarter valued at $299,000. Finally, Flow Traders U.S. LLC bought a new stake in iShares Currency Hedged MSCI Emerging Markets ETF in the 3rd quarter valued at $204,000.

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.