iShares MSCI Emerging Markets ex China ETF (NASDAQ:EMXC) Sets New 52-Week High – Still a Buy?

iShares MSCI Emerging Markets ex China ETF (NASDAQ:EMXC)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $71.52 and last traded at $71.40, with a volume of 1905111 shares traded. The stock had previously closed at $70.32.

iShares MSCI Emerging Markets ex China ETF Trading Up 1.5%

The company has a market capitalization of $13.19 billion, a price-to-earnings ratio of 15.28 and a beta of 0.88. The company’s 50 day simple moving average is $66.49 and its 200-day simple moving average is $62.26.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Wallington Asset Management LLC lifted its stake in shares of iShares MSCI Emerging Markets ex China ETF by 0.7% during the 3rd quarter. Wallington Asset Management LLC now owns 125,945 shares of the company’s stock worth $8,503,000 after purchasing an additional 880 shares during the period. Fortitude Family Office LLC lifted its position in iShares MSCI Emerging Markets ex China ETF by 3.3% during the third quarter. Fortitude Family Office LLC now owns 67,289 shares of the company’s stock worth $4,543,000 after buying an additional 2,156 shares during the period. Silverleafe Capital Partners LLC acquired a new stake in iShares MSCI Emerging Markets ex China ETF in the 3rd quarter worth about $2,760,000. First PREMIER Bank grew its holdings in iShares MSCI Emerging Markets ex China ETF by 7.1% in the 3rd quarter. First PREMIER Bank now owns 2,867 shares of the company’s stock valued at $194,000 after buying an additional 190 shares during the period. Finally, MJT & Associates Financial Advisory Group Inc. increased its stake in shares of iShares MSCI Emerging Markets ex China ETF by 13,547.9% during the 3rd quarter. MJT & Associates Financial Advisory Group Inc. now owns 68,376 shares of the company’s stock valued at $4,616,000 after acquiring an additional 67,875 shares during the last quarter.

About iShares MSCI Emerging Markets ex China ETF

The iShares MSCI Emerging Markets ex China ETF (EMXC) is an exchange-traded fund that is based on the MSCI Emerging Markets ex China index. The fund tracks a market-cap- weighted index of emerging-market firms, excluding China. The index covers 85% of the universe by market cap. EMXC was launched on Jul 18, 2017 and is managed by BlackRock.