iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) Hits New 52-Week High – Should You Buy?

iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $70.87 and last traded at $70.81, with a volume of 26231961 shares trading hands. The stock had previously closed at $68.56.

iShares MSCI Emerging Markets ETF Price Performance

The stock has a 50 day moving average of $65.85 and a two-hundred day moving average of $60.47. The stock has a market capitalization of $31.35 billion, a PE ratio of 14.46 and a beta of 0.73.

Institutional Investors Weigh In On iShares MSCI Emerging Markets ETF

Several institutional investors have recently made changes to their positions in EEM. Western Wealth Management LLC lifted its stake in shares of iShares MSCI Emerging Markets ETF by 110.8% in the first quarter. Western Wealth Management LLC now owns 13,870 shares of the exchange traded fund’s stock valued at $788,000 after purchasing an additional 7,289 shares during the period. Rathbones Group PLC grew its position in iShares MSCI Emerging Markets ETF by 16.8% during the first quarter. Rathbones Group PLC now owns 153,122 shares of the exchange traded fund’s stock worth $8,696,000 after buying an additional 22,021 shares during the period. DV Trading LLC grew its position in iShares MSCI Emerging Markets ETF by 79.8% during the first quarter. DV Trading LLC now owns 71,389 shares of the exchange traded fund’s stock worth $4,054,000 after buying an additional 31,689 shares during the period. Parallel Advisors LLC grew its position in iShares MSCI Emerging Markets ETF by 0.6% during the first quarter. Parallel Advisors LLC now owns 129,514 shares of the exchange traded fund’s stock worth $7,355,000 after buying an additional 744 shares during the period. Finally, NewEdge Advisors LLC increased its holdings in iShares MSCI Emerging Markets ETF by 19.6% in the first quarter. NewEdge Advisors LLC now owns 133,071 shares of the exchange traded fund’s stock valued at $7,557,000 after buying an additional 21,776 shares in the last quarter. 81.39% of the stock is currently owned by hedge funds and other institutional investors.

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.