WisdomTree Europe Hedged Equity Fund (NYSEARCA:HEDJ) Hits New 12-Month High – Here’s Why

WisdomTree Europe Hedged Equity Fund (NYSEARCA:HEDJ)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $55.05 and last traded at $55.0160, with a volume of 7920 shares. The stock had previously closed at $54.89.

WisdomTree Europe Hedged Equity Fund Price Performance

The company’s fifty day moving average is $52.50 and its 200-day moving average is $50.82. The company has a market capitalization of $1.85 billion, a PE ratio of 15.27 and a beta of 0.81.

Institutional Investors Weigh In On WisdomTree Europe Hedged Equity Fund

Several hedge funds have recently added to or reduced their stakes in HEDJ. Bank of New York Mellon Corp increased its stake in WisdomTree Europe Hedged Equity Fund by 597.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 498,487 shares of the company’s stock worth $23,987,000 after buying an additional 427,009 shares in the last quarter. Patten & Patten Inc. TN increased its holdings in WisdomTree Europe Hedged Equity Fund by 931.8% in the 2nd quarter. Patten & Patten Inc. TN now owns 251,207 shares of the company’s stock valued at $12,088,000 after purchasing an additional 226,860 shares during the last quarter. Kingsview Wealth Management LLC boosted its stake in shares of WisdomTree Europe Hedged Equity Fund by 1,546.7% in the second quarter. Kingsview Wealth Management LLC now owns 106,968 shares of the company’s stock valued at $5,147,000 after purchasing an additional 100,472 shares during the period. Raymond James Financial Inc. grew its stake in WisdomTree Europe Hedged Equity Fund by 34.9% during the 2nd quarter. Raymond James Financial Inc. now owns 374,190 shares of the company’s stock worth $18,006,000 after purchasing an additional 96,825 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of WisdomTree Europe Hedged Equity Fund by 215.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 137,882 shares of the company’s stock worth $6,635,000 after purchasing an additional 94,154 shares during the last quarter.

About WisdomTree Europe Hedged Equity Fund

WisdomTree Europe Hedged Equity Fund (the Fund), formerly WisdomTree International Hedged Equity Fund, is an exchange-traded fund. The Fund seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Europe Hedged Equity Index. The WisdomTree Europe Hedged Equity Index provides exposure to European equities while at the same time neutralizing exposure to fluctuations between the Euro and the United States dollar. The Index hedges against fluctuations in the relative value of the Euro against the United States dollar.