iShares MSCI Emerging Markets ex China ETF (NASDAQ:EMXC) Reaches New 12-Month High – Still a Buy?

iShares MSCI Emerging Markets ex China ETF (NASDAQ:EMXC) shares hit a new 52-week high on Tuesday . The stock traded as high as $79.94 and last traded at $79.65, with a volume of 2095059 shares. The stock had previously closed at $79.46.

iShares MSCI Emerging Markets ex China ETF Stock Performance

The firm has a market capitalization of $15.30 billion, a P/E ratio of 15.28 and a beta of 0.82. The stock has a 50 day moving average of $73.18 and a 200-day moving average of $69.14.

iShares MSCI Emerging Markets ex China ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were issued a $1.3357 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a yield of 384.0%.

Institutional Investors Weigh In On iShares MSCI Emerging Markets ex China ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bare Financial Services Inc raised its stake in shares of iShares MSCI Emerging Markets ex China ETF by 7.7% during the 2nd quarter. Bare Financial Services Inc now owns 143,559 shares of the company’s stock valued at $9,064,000 after purchasing an additional 10,303 shares during the period. Montecito Bank & Trust purchased a new position in iShares MSCI Emerging Markets ex China ETF during the 3rd quarter valued at about $4,914,000. Arbor Investment Advisors LLC increased its position in shares of iShares MSCI Emerging Markets ex China ETF by 32.3% during the third quarter. Arbor Investment Advisors LLC now owns 38,245 shares of the company’s stock valued at $2,582,000 after buying an additional 9,342 shares during the period. Farther Finance Advisors LLC increased its position in shares of iShares MSCI Emerging Markets ex China ETF by 78.7% during the third quarter. Farther Finance Advisors LLC now owns 392,289 shares of the company’s stock valued at $26,483,000 after buying an additional 172,737 shares during the period. Finally, Loomis Sayles & Co. L P purchased a new stake in shares of iShares MSCI Emerging Markets ex China ETF in the second quarter worth about $1,310,000.

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.