iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) Shares Down 0.6% – Should You Sell?

iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM)’s share price traded down 0.6% on Friday . The stock traded as low as $28.67 and last traded at $28.76. 15,880 shares traded hands during mid-day trading, The stock had previously closed at $28.92.

iShares Currency Hedged MSCI Emerging Markets ETF Stock Down 1.0 %

The company has a 50 day moving average of $27.93 and a two-hundred day moving average of $27.87. The firm has a market cap of $161.42 million, a P/E ratio of 14.81 and a beta of 0.61.

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

An institutional investor recently bought a new position in iShares Currency Hedged MSCI Emerging Markets ETF stock. JPMorgan Chase & Co. purchased a new position in iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,633 shares of the company’s stock, valued at approximately $44,000.

iShares Currency Hedged MSCI Emerging Markets ETF Company Profile

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.