iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) Reaches New 1-Year High – Should You Buy?

Shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) reached a new 52-week high during trading on Wednesday . The company traded as high as $61.17 and last traded at $61.1680, with a volume of 65790 shares. The stock had previously closed at $60.60.

iShares MSCI Emerging Markets ETF Stock Up 0.6%

The stock has a fifty day moving average of $56.66 and a two-hundred day moving average of $54.00. The stock has a market cap of $27.80 billion, a price-to-earnings ratio of 14.46 and a beta of 0.64.

Institutional Trading of iShares MSCI Emerging Markets ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its position in iShares MSCI Emerging Markets ETF by 11.6% during the second quarter. JPMorgan Chase & Co. now owns 12,043,203 shares of the exchange traded fund’s stock valued at $580,964,000 after buying an additional 1,256,608 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of iShares MSCI Emerging Markets ETF in the 3rd quarter valued at $407,231,000. Banco Bilbao Vizcaya Argentaria S.A. raised its stake in shares of iShares MSCI Emerging Markets ETF by 212.1% in the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 4,634,821 shares of the exchange traded fund’s stock valued at $223,062,000 after acquiring an additional 3,149,813 shares during the period. Corient Private Wealth LLC lifted its holdings in shares of iShares MSCI Emerging Markets ETF by 206.0% during the 2nd quarter. Corient Private Wealth LLC now owns 3,240,329 shares of the exchange traded fund’s stock valued at $156,313,000 after acquiring an additional 2,181,269 shares in the last quarter. Finally, Mariner LLC boosted its position in iShares MSCI Emerging Markets ETF by 23.8% during the 3rd quarter. Mariner LLC now owns 2,324,614 shares of the exchange traded fund’s stock worth $124,134,000 after purchasing an additional 447,010 shares during the period. Institutional investors and hedge funds 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.