iShares Currency Hedged MSCI EAFE ETF (BATS:HEFA) Trading Down 0.7% – Here’s What Happened

iShares Currency Hedged MSCI EAFE ETF (BATS:HEFAGet Free Report)’s share price dropped 0.7% during trading on Tuesday . The stock traded as low as $46.85 and last traded at $46.90. 2,059,502 shares traded hands during mid-day trading, an increase of 189% from the average daily volume of 711,601 shares. The stock had previously closed at $47.23.

iShares Currency Hedged MSCI EAFE ETF Price Performance

The firm has a market cap of $7.90 billion, a PE ratio of 15.74 and a beta of 0.67. The business’s 50 day moving average price is $46.78 and its 200 day moving average price is $45.16.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of HEFA. Compass Financial Management LLC acquired a new position in iShares Currency Hedged MSCI EAFE ETF during the 2nd quarter worth approximately $28,000. Valeo Financial Advisors LLC raised its stake in shares of iShares Currency Hedged MSCI EAFE ETF by 1.6% during the second quarter. Valeo Financial Advisors LLC now owns 37,433 shares of the company’s stock worth $1,757,000 after purchasing an additional 575 shares during the last quarter. Arlington Trust Co LLC purchased a new stake in shares of iShares Currency Hedged MSCI EAFE ETF in the second quarter valued at about $85,000. CX Institutional boosted its holdings in iShares Currency Hedged MSCI EAFE ETF by 0.3% in the 2nd quarter. CX Institutional now owns 274,278 shares of the company’s stock valued at $12,871,000 after purchasing an additional 928 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in iShares Currency Hedged MSCI EAFE ETF by 163.3% during the first quarter. Parallel Advisors LLC now owns 12,505 shares of the company’s stock worth $531,000 after acquiring an additional 7,755 shares during the period.

iShares Currency Hedged MSCI EAFE ETF Company Profile

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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.

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