iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) Hits New 1-Year High – Here’s Why

iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $54.55 and last traded at $54.48, with a volume of 17861818 shares changing hands. The stock had previously closed at $54.23.

iShares MSCI Emerging Markets ETF Stock Up 0.5%

The business has a 50-day moving average price of $51.04 and a 200-day moving average price of $47.53. The company has a market capitalization of $20.72 billion, a price-to-earnings ratio of 14.46 and a beta of 0.74.

Institutional Trading of iShares MSCI Emerging Markets ETF

A number of hedge funds have recently modified their holdings of the business. Tompkins Financial Corp acquired a new position in iShares MSCI Emerging Markets ETF in the 2nd quarter valued at approximately $26,000. Maseco LLP purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the second quarter worth $27,000. Heartwood Wealth Advisors LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the third quarter worth $37,000. Traub Capital Management LLC acquired a new stake in iShares MSCI Emerging Markets ETF during the second quarter valued at $34,000. Finally, Golden State Wealth Management LLC grew its stake in iShares MSCI Emerging Markets ETF by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 704 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 352 shares in the last quarter. Hedge funds and other institutional investors own 81.39% of the company’s stock.

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).