iShares MSCI Emerging Markets ex China ETF (NASDAQ:EMXC) Reaches New 52-Week High – Here’s What Happened

iShares MSCI Emerging Markets ex China ETF (NASDAQ:EMXC)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $98.31 and last traded at $97.94, with a volume of 2555245 shares trading hands. The stock had previously closed at $98.02.

iShares MSCI Emerging Markets ex China ETF Stock Up 2.1%

The stock has a market cap of $23.53 billion, a PE ratio of 15.28 and a beta of 0.86. The firm has a 50 day moving average price of $84.71 and a 200 day moving average price of $78.93.

Hedge Funds Weigh In On iShares MSCI Emerging Markets ex China ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rossby Financial LCC grew its stake in iShares MSCI Emerging Markets ex China ETF by 8.5% in the fourth quarter. Rossby Financial LCC now owns 1,563 shares of the company’s stock valued at $114,000 after purchasing an additional 122 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its stake in iShares MSCI Emerging Markets ex China ETF by 1.4% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 9,680 shares of the company’s stock valued at $704,000 after purchasing an additional 132 shares during the last quarter. Cary Street Partners Financial LLC boosted its holdings in iShares MSCI Emerging Markets ex China ETF by 4.2% in the third quarter. Cary Street Partners Financial LLC now owns 3,951 shares of the company’s stock worth $267,000 after acquiring an additional 159 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in iShares MSCI Emerging Markets ex China ETF by 3.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 6,131 shares of the company’s stock worth $446,000 after acquiring an additional 206 shares in the last quarter. Finally, Provenance Wealth Advisors LLC boosted its holdings in iShares MSCI Emerging Markets ex China ETF by 13.7% in the third quarter. Provenance Wealth Advisors LLC now owns 1,898 shares of the company’s stock worth $128,000 after acquiring an additional 229 shares in 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.