Exchange Capital Management Inc. Raises Position in iShares Currency Hedged MSCI EAFE ETF (BATS:HEFA)

Exchange Capital Management Inc. lifted its stake in iShares Currency Hedged MSCI EAFE ETF (BATS:HEFA) by 5.1% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 290,838 shares of the company’s stock after acquiring an additional 14,175 shares during the quarter. iShares Currency Hedged MSCI EAFE ETF comprises approximately 1.7% of Exchange Capital Management Inc.’s portfolio, making the stock its 13th largest position. Exchange Capital Management Inc.’s holdings in iShares Currency Hedged MSCI EAFE ETF were worth $10,144,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of HEFA. Prime Capital Investment Advisors LLC acquired a new position in shares of iShares Currency Hedged MSCI EAFE ETF in the fourth quarter worth about $22,494,000. TIAA Trust National Association lifted its stake in shares of iShares Currency Hedged MSCI EAFE ETF by 60.6% in the fourth quarter. TIAA Trust National Association now owns 881,991 shares of the company’s stock worth $27,792,000 after acquiring an additional 332,897 shares in the last quarter. Burkett Financial Services LLC acquired a new position in shares of iShares Currency Hedged MSCI EAFE ETF in the fourth quarter worth about $1,075,000. Comerica Bank raised its stake in iShares Currency Hedged MSCI EAFE ETF by 92.3% during the fourth quarter. Comerica Bank now owns 65,418 shares of the company’s stock valued at $2,061,000 after buying an additional 31,392 shares in the last quarter. Finally, Valeo Financial Advisors LLC raised its stake in iShares Currency Hedged MSCI EAFE ETF by 3.6% during the fourth quarter. Valeo Financial Advisors LLC now owns 299,849 shares of the company’s stock valued at $9,448,000 after buying an additional 10,340 shares in the last quarter.

iShares Currency Hedged MSCI EAFE ETF Trading Up 0.3 %

BATS HEFA traded up $0.10 on Tuesday, hitting $35.66. 659,661 shares of the stock traded hands. The stock has a 50-day moving average of $35.37 and a 200 day moving average of $33.83. iShares Currency Hedged MSCI EAFE ETF has a twelve month low of $26.88 and a twelve month high of $30.88. The company has a market capitalization of $6.90 billion, a P/E ratio of 16.31 and a beta of 0.62.

About iShares Currency Hedged MSCI EAFE ETF

The iShares Currency Hedged MSCI EAFE ETF (HEFA) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market cap-weighted, USD-hedged index of large- and mid-cap stocks from developed countries outside the US and Canada. HEFA was launched on Jan 31, 2014 and is managed by BlackRock.