iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) Shares Down 1.7% – Should You Sell?

iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM)’s share price fell 1.7% during mid-day trading on Friday . The stock traded as low as $28.22 and last traded at $28.22. 5,813 shares traded hands during trading, The stock had previously closed at $28.70.

iShares Currency Hedged MSCI Emerging Markets ETF Stock Performance

The stock has a 50 day moving average price of $27.58 and a 200 day moving average price of $27.73. The company has a market capitalization of $166.24 million, a P/E ratio of 12.20 and a beta of 0.73.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in iShares Currency Hedged MSCI Emerging Markets ETF stock. JPMorgan Chase & Co. acquired a new stake in iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 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.