iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) Reaches New 52-Week High – Here’s What Happened

iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)’s share price reached a new 52-week high on Monday . The stock traded as high as $50.79 and last traded at $50.74, with a volume of 481224 shares trading hands. The stock had previously closed at $50.45.

iShares MSCI Emerging Markets ETF Stock Performance

The firm’s 50 day moving average price is $49.31 and its two-hundred day moving average price is $46.25. The firm has a market cap of $19.30 billion, a PE ratio of 14.46 and a beta of 0.74.

Hedge Funds Weigh In On iShares MSCI Emerging Markets ETF

Large investors have recently made changes to their positions in the stock. Sowell Financial Services LLC lifted its stake in iShares MSCI Emerging Markets ETF by 0.3% during the second quarter. Sowell Financial Services LLC now owns 71,413 shares of the exchange traded fund’s stock valued at $3,445,000 after buying an additional 211 shares in the last quarter. Optimum Investment Advisors lifted its position in shares of iShares MSCI Emerging Markets ETF by 2.8% in the second quarter. Optimum Investment Advisors now owns 7,826 shares of the exchange traded fund’s stock worth $378,000 after purchasing an additional 214 shares in the last quarter. Red Tortoise LLC lifted its position in shares of iShares MSCI Emerging Markets ETF by 0.8% in the second quarter. Red Tortoise LLC now owns 28,704 shares of the exchange traded fund’s stock worth $1,385,000 after purchasing an additional 220 shares in the last quarter. Snowden Capital Advisors LLC lifted its position in shares of iShares MSCI Emerging Markets ETF by 3.3% in the fourth quarter. Snowden Capital Advisors LLC now owns 7,485 shares of the exchange traded fund’s stock worth $313,000 after purchasing an additional 236 shares in the last quarter. Finally, Private Wealth Asset Management LLC lifted its position in shares of iShares MSCI Emerging Markets ETF by 0.6% in the second quarter. Private Wealth Asset Management LLC now owns 38,779 shares of the exchange traded fund’s stock worth $1,871,000 after purchasing an additional 236 shares in the last quarter. 81.39% of the stock is currently owned by institutional investors and hedge funds.

About iShares MSCI Emerging Markets ETF

iShares MSCI Emerging Markets ETF, formerly iShares MSCI Emerging Markets Index Fund (the Fund), seeks investment results that correspond generally to the price and yield performance of publicly traded equity securities in global emerging markets, as measured by the MSCI Emerging Markets Index (the Index).