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

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

iShares MSCI Emerging Markets ETF Stock Performance

The stock has a market cap of $28.86 billion, a price-to-earnings ratio of 14.46 and a beta of 0.64. The business’s 50 day moving average is $58.29 and its 200 day moving average is $54.93.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Versant Capital Management Inc raised 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 buying an additional 366 shares during the period. MidAtlantic Capital Management Inc. purchased a new position in iShares MSCI Emerging Markets ETF during the 4th quarter valued at about $25,000. Hilton Head Capital Partners LLC acquired a new position in shares of iShares MSCI Emerging Markets ETF in the 4th quarter valued at about $25,000. BTG Pactual Asset Management US LLC lifted its position in shares of iShares MSCI Emerging Markets ETF by 101.3% in the third quarter. BTG Pactual Asset Management US LLC now owns 571 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 46,071 shares in the last quarter. Finally, Elevated Capital Advisors LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the fourth quarter worth approximately $31,000. 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). 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.