iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) Shares Gap Up – Still a Buy?

iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $45.30, but opened at $48.00. iShares Currency Hedged MSCI Eurozone ETF shares last traded at $45.50, with a volume of 12,734 shares traded.

iShares Currency Hedged MSCI Eurozone ETF Stock Performance

The company’s 50-day moving average price is $44.05 and its 200 day moving average price is $42.54. The stock has a market cap of $655.92 million, a PE ratio of 16.09 and a beta of 0.76.

Hedge Funds Weigh In On iShares Currency Hedged MSCI Eurozone ETF

A number of institutional investors have recently bought and sold shares of HEZU. Royal Bank of Canada increased its position in iShares Currency Hedged MSCI Eurozone ETF by 4.7% in the first quarter. Royal Bank of Canada now owns 51,645 shares of the company’s stock worth $2,013,000 after buying an additional 2,309 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in iShares Currency Hedged MSCI Eurozone ETF by 1,177.9% in the 1st quarter. Jones Financial Companies Lllp now owns 22,888 shares of the company’s stock worth $892,000 after acquiring an additional 21,097 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in iShares Currency Hedged MSCI Eurozone ETF by 26.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 155,423 shares of the company’s stock worth $6,057,000 after acquiring an additional 32,459 shares in the last quarter. Strategic Blueprint LLC raised its stake in iShares Currency Hedged MSCI Eurozone ETF by 21.2% during the 2nd quarter. Strategic Blueprint LLC now owns 6,614 shares of the company’s stock worth $271,000 after acquiring an additional 1,159 shares during the period. Finally, Sierra Capital LLC purchased a new position in iShares Currency Hedged MSCI Eurozone ETF during the second quarter valued at approximately $1,055,000.

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.