iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) Stock Pass Above 200-Day Moving Average – Here’s Why

iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $27.40 and traded as high as $27.48. iShares Currency Hedged MSCI Emerging Markets ETF shares last traded at $27.46, with a volume of 5,018 shares trading hands.

iShares Currency Hedged MSCI Emerging Markets ETF Price Performance

The firm has a fifty day moving average of $28.27 and a two-hundred day moving average of $27.40. The stock has a market capitalization of $165.03 million, a P/E ratio of 12.20 and a beta of 0.73.

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. Amarillo National Bank bought a new position in shares of iShares Currency Hedged MSCI Emerging Markets ETF (BATS:HEEM) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 451,698 shares of the company’s stock, valued at approximately $12,241,000. iShares Currency Hedged MSCI Emerging Markets ETF comprises 2.3% of Amarillo National Bank’s holdings, making the stock its 13th biggest position. Amarillo National Bank owned 7.52% of iShares Currency Hedged MSCI Emerging Markets ETF as of its most recent filing with the SEC.

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.