iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) Stock Jumps 0.2% – Still a Buy?

by · The Markets Daily

iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM – Get Free Report) shares traded up 0.2% during trading on Tuesday. The company traded as high as $38.95 and last traded at $38.81. Approximately 10,294 shares changed hands during trading, a decline of 85% from the average session volume of 69,207 shares. The stock had previously closed at $38.75.

iShares Currency Hedged MSCI Emerging Markets ETF Price Performance

The company has a 50-day simple moving average of $41.51 and a two-hundred day simple moving average of $40.78. The stock has a market capitalization of $219.66 million, a price-to-earnings ratio of 13.80 and a beta of 0.53.

Hedge Funds Weigh In On iShares Currency Hedged MSCI Emerging Markets ETF

An institutional investor recently raised its stake in iShares Currency Hedged MSCI Emerging Markets ETF stock. Kingswood Wealth Advisors LLC increased its position in iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM – Free Report) by 1.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 80,388 shares of the company’s stock after acquiring an additional 1,225 shares during the period. Kingswood Wealth Advisors LLC owned approximately 1.42% of iShares Currency Hedged MSCI Emerging Markets ETF worth $3,396,000 at the end of the most recent reporting period.

About iShares Currency Hedged MSCI Emerging Markets ETF

(Get Free Report)

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.

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