iShares Currency Hedged MSCI EMU ETF (NYSEARCA:HEZU) Shares Down 0.3%

iShares Currency Hedged MSCI EMU ETF (NYSEARCA:HEZU)’s share price were down 0.3% during mid-day trading on Thursday . The company traded as low as $36.30 and last traded at $36.41. Approximately 56,546 shares traded hands during trading, a decline of 20% from the average daily volume of 71,085 shares. The stock had previously closed at $36.51.

iShares Currency Hedged MSCI EMU ETF Price Performance

The stock’s fifty day moving average price is $36.90 and its 200 day moving average price is $35.39. The stock has a market capitalization of $429.88 million, a P/E ratio of 16.44 and a beta of 0.73.

Hedge Funds Weigh In On iShares Currency Hedged MSCI EMU ETF

A number of institutional investors have recently bought and sold shares of the business. Sage Mountain Advisors LLC boosted its stake in iShares Currency Hedged MSCI EMU ETF by 78.9% during the 4th quarter. Sage Mountain Advisors LLC now owns 7,483 shares of the company’s stock worth $249,000 after purchasing an additional 3,300 shares during the last quarter. Quotient Wealth Partners LLC purchased a new stake in iShares Currency Hedged MSCI EMU ETF during the fourth quarter worth about $919,000. Citigroup Inc. increased its stake in iShares Currency Hedged MSCI EMU ETF by 5.9% during the third quarter. Citigroup Inc. now owns 31,011 shares of the company’s stock worth $953,000 after purchasing an additional 1,725 shares during the period. UBS Group AG grew its position in shares of iShares Currency Hedged MSCI EMU ETF by 2.4% during the third quarter. UBS Group AG now owns 120,284 shares of the company’s stock worth $3,698,000 after buying an additional 2,837 shares in the last quarter. Finally, Connecticut Wealth Management LLC grew its position in shares of iShares Currency Hedged MSCI EMU ETF by 109.9% during the fourth quarter. Connecticut Wealth Management LLC now owns 382,529 shares of the company’s stock worth $12,738,000 after buying an additional 200,259 shares in the last quarter.

About iShares Currency Hedged MSCI EMU ETF

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.