iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) Trading 0.9% Higher – Here’s Why

iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) shot up 0.9% on Monday . The company traded as high as $27.61 and last traded at $27.58. 9,845 shares changed hands during trading, The stock had previously closed at $27.33.

iShares Currency Hedged MSCI Emerging Markets ETF Price Performance

The stock has a market capitalization of $165.76 million, a price-to-earnings ratio of 12.20 and a beta of 0.73. The firm’s fifty day moving average is $28.17 and its 200-day moving average is $27.37.

Institutional Trading of iShares Currency Hedged MSCI Emerging Markets ETF

An institutional investor recently bought a new position in iShares Currency Hedged MSCI Emerging Markets ETF stock. Amarillo National Bank purchased a new position in iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 451,698 shares of the company’s stock, valued at approximately $12,241,000. iShares Currency Hedged MSCI Emerging Markets ETF comprises about 2.3% of Amarillo National Bank’s holdings, making the stock its 13th biggest position. Amarillo National Bank owned approximately 7.52% of iShares Currency Hedged MSCI Emerging Markets ETF as of its most recent filing with the Securities and Exchange Commission.

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.