iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) Reaches New 12-Month High – Here’s Why

iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $63.43 and last traded at $63.31, with a volume of 42171479 shares changing hands. The stock had previously closed at $62.62.

iShares MSCI Emerging Markets ETF Trading Down 0.2%

The business’s 50-day simple moving average is $58.65 and its two-hundred day simple moving average is $55.08. The company has a market capitalization of $28.53 billion, a PE ratio of 14.46 and a beta of 0.64.

Institutional Trading of iShares MSCI Emerging Markets ETF

Large investors have recently added to or reduced their stakes in the business. MidAtlantic Capital Management Inc. acquired a new position in shares of iShares MSCI Emerging Markets ETF in the 4th quarter valued at $25,000. Hilton Head Capital Partners LLC purchased a new position in iShares MSCI Emerging Markets ETF during the 4th quarter valued at about $25,000. Versant Capital Management Inc grew its position in iShares MSCI Emerging Markets ETF by 369.7% during the third quarter. Versant Capital Management Inc now owns 465 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 366 shares in the last quarter. Jessup Wealth Management Inc acquired a new position in shares of iShares MSCI Emerging Markets ETF in the fourth quarter worth $31,000. Finally, Elevated Capital Advisors LLC acquired a new stake in iShares MSCI Emerging Markets ETF during the fourth quarter valued at $31,000. 81.39% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Company Profile

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). The Index is designed to measure equity market performance in the global emerging markets. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.