iShares Currency Hedged MSCI EAFE ETF (BATS:HEFA) Reaches New 1-Year High – Time to Buy?

iShares Currency Hedged MSCI EAFE ETF (BATS:HEFA)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $46.77 and last traded at $46.74, with a volume of 23716 shares trading hands. The stock had previously closed at $46.39.

iShares Currency Hedged MSCI EAFE ETF Trading Up 1.0%

The firm has a 50-day moving average of $44.96 and a two-hundred day moving average of $43.48. The firm has a market cap of $7.91 billion, a price-to-earnings ratio of 15.74 and a beta of 0.67.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HEFA. Ameriprise Financial Inc. grew its stake in shares of iShares Currency Hedged MSCI EAFE ETF by 14.7% in the second quarter. Ameriprise Financial Inc. now owns 6,618,320 shares of the company’s stock worth $251,244,000 after acquiring an additional 848,415 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in iShares Currency Hedged MSCI EAFE ETF by 304.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 79,142 shares of the company’s stock valued at $3,273,000 after purchasing an additional 59,550 shares during the period. Crescent Grove Advisors LLC grew its position in iShares Currency Hedged MSCI EAFE ETF by 28.5% in the 4th quarter. Crescent Grove Advisors LLC now owns 202,951 shares of the company’s stock worth $8,394,000 after purchasing an additional 45,035 shares during the last quarter. Osprey Private Wealth LLC acquired a new stake in iShares Currency Hedged MSCI EAFE ETF in the 4th quarter worth $1,433,000. Finally, Immaculate Wealth Management LLC bought a new position in shares of iShares Currency Hedged MSCI EAFE ETF during the 1st quarter worth about $1,161,000.

iShares Currency Hedged MSCI EAFE ETF Company Profile

The iShares Currency Hedged MSCI EAFE ETF (HEFA) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market cap-weighted, USD-hedged index of large- and mid-cap stocks from developed countries outside the US and Canada. HEFA was launched on Jan 31, 2014 and is managed by BlackRock.