Summit Financial LLC Makes New $1.82 Million Investment in iShares Currency Hedged MSCI Eurozone ETF $HEZU

Summit Financial LLC bought a new stake in iShares Currency Hedged MSCI Eurozone ETF (NYSEARCA:HEZU) in the 1st quarter, Holdings Channel reports. The institutional investor bought 46,709 shares of the company’s stock, valued at approximately $1,820,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. acquired a new position in shares of iShares Currency Hedged MSCI Eurozone ETF in the 1st quarter valued at approximately $282,900,000. Allianz Asset Management GmbH bought a new stake in iShares Currency Hedged MSCI Eurozone ETF during the 1st quarter worth approximately $20,384,000. Insight Wealth Strategies LLC bought a new stake in iShares Currency Hedged MSCI Eurozone ETF during the 1st quarter worth approximately $13,391,000. HighTower Advisors LLC boosted its stake in shares of iShares Currency Hedged MSCI Eurozone ETF by 2.3% in the 1st quarter. HighTower Advisors LLC now owns 292,399 shares of the company’s stock valued at $11,395,000 after purchasing an additional 6,556 shares during the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. boosted its stake in shares of iShares Currency Hedged MSCI Eurozone ETF by 161.5% in the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 159,062 shares of the company’s stock valued at $5,669,000 after purchasing an additional 98,232 shares during the last quarter.

iShares Currency Hedged MSCI Eurozone ETF Stock Performance

NYSEARCA:HEZU opened at $41.83 on Friday. The firm’s fifty day moving average is $40.72 and its 200-day moving average is $39.93. iShares Currency Hedged MSCI Eurozone ETF has a 52 week low of $33.95 and a 52 week high of $41.98. The firm has a market cap of $706.93 million, a P/E ratio of 16.09 and a beta of 0.91.

iShares Currency Hedged MSCI Eurozone ETF Profile

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.