iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) Stock Price Down 0.6% – What’s Next?

Shares of iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) were down 0.6% during mid-day trading on Friday . The stock traded as low as $28.67 and last traded at $28.76. Approximately 15,880 shares were traded during trading, The stock had previously closed at $28.92.

iShares Currency Hedged MSCI Emerging Markets ETF Stock Performance

The stock has a market capitalization of $163.07 million, a P/E ratio of 14.81 and a beta of 0.61. The business has a 50-day moving average price of $27.93 and a 200 day moving average price of $27.86.

Institutional Investors Weigh In On iShares Currency Hedged MSCI Emerging Markets ETF

A hedge fund recently bought a new stake in iShares Currency Hedged MSCI Emerging Markets ETF stock. JPMorgan Chase & Co. purchased a new position in iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,633 shares of the company’s stock, valued at approximately $44,000.

About iShares Currency Hedged MSCI Emerging Markets ETF

The iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of broad emerging market equities with currency exposure from the underlying stocks hedged out for USD investors. HEEM was launched on Sep 23, 2014 and is managed by BlackRock.