iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) Sets New 12-Month High – Time to Buy?

iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $56.49 and last traded at $56.4620, with a volume of 24702 shares. The stock had previously closed at $56.24.

iShares MSCI Emerging Markets ETF Trading Up 0.4%

The firm has a market cap of $21.78 billion, a PE ratio of 14.46 and a beta of 0.64. The firm has a fifty day simple moving average of $54.54 and a two-hundred day simple moving average of $52.06.

Institutional Investors Weigh In On iShares MSCI Emerging Markets ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Versant Capital Management Inc lifted its stake in shares of iShares MSCI Emerging Markets ETF by 369.7% in the 3rd 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 during the period. Tompkins Financial Corp purchased a new position in shares of iShares MSCI Emerging Markets ETF in the second quarter worth $26,000. Maseco LLP bought a new stake in shares of iShares MSCI Emerging Markets ETF in the second quarter worth approximately $27,000. BTG Pactual Asset Management US LLC grew its holdings 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 acquiring an additional 46,071 shares during the period. Finally, Richardson Capital Management LLC bought a new position in iShares MSCI Emerging Markets ETF in the third quarter valued at about $33,000. 81.39% of the stock is owned by hedge funds and other institutional investors.

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.