iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) Stock Price Up 0.7% – Here’s What Happened

Shares of iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) shot up 0.7% on Wednesday . The stock traded as high as $28.79 and last traded at $28.63. 5,410 shares traded hands during trading, The stock had previously closed at $28.43.

iShares Currency Hedged MSCI Emerging Markets ETF Stock Up 0.7 %

The firm has a 50 day moving average of $27.53 and a two-hundred day moving average of $26.94. The firm has a market capitalization of $172.07 million, a price-to-earnings ratio of 12.20 and a beta of 0.73.

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

An institutional investor recently raised its position in iShares Currency Hedged MSCI Emerging Markets ETF stock. TIAA Trust National Association lifted its stake in shares of iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) by 63.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 770,684 shares of the company’s stock after buying an additional 299,017 shares during the period. TIAA Trust National Association owned about 12.82% of iShares Currency Hedged MSCI Emerging Markets ETF worth $19,771,000 as of its most recent SEC filing.

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.