Exchange Capital Management Inc. Increases Stock Position in iShares Currency Hedged MSCI EAFE ETF (BATS:HEFA)

Exchange Capital Management Inc. grew its position in iShares Currency Hedged MSCI EAFE ETF (BATS:HEFA) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 305,939 shares of the company’s stock after purchasing an additional 2,798 shares during the quarter. iShares Currency Hedged MSCI EAFE ETF makes up about 1.7% of Exchange Capital Management Inc.’s investment portfolio, making the stock its 13th largest holding. Exchange Capital Management Inc. owned approximately 0.16% of iShares Currency Hedged MSCI EAFE ETF worth $10,631,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HEFA. Collier Financial bought a new position in shares of iShares Currency Hedged MSCI EAFE ETF during the 4th quarter valued at approximately $26,000. ESL Trust Services LLC purchased a new position in shares of iShares Currency Hedged MSCI EAFE ETF in the 3rd quarter valued at $33,000. Rosenberg Matthew Hamilton purchased a new stake in iShares Currency Hedged MSCI EAFE ETF during the fourth quarter valued at approximately $42,000. Golden State Wealth Management LLC acquired a new stake in iShares Currency Hedged MSCI EAFE ETF during the 4th quarter valued at approximately $78,000. Finally, Richardson Capital Management LLC boosted its position in iShares Currency Hedged MSCI EAFE ETF by 409.1% in the 4th quarter. Richardson Capital Management LLC now owns 4,786 shares of the company’s stock worth $166,000 after purchasing an additional 3,846 shares in the last quarter.

iShares Currency Hedged MSCI EAFE ETF Trading Up 5.6 %

BATS:HEFA opened at $36.78 on Tuesday. The company’s 50-day moving average price is $35.77 and its 200-day moving average price is $35.32. iShares Currency Hedged MSCI EAFE ETF has a twelve month low of $26.88 and a twelve month high of $30.88. The company has a market cap of $7.12 billion, a P/E ratio of 16.31 and a beta of 0.62.

About iShares Currency Hedged MSCI EAFE ETF

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.