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

iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $57.47 and last traded at $57.4760, with a volume of 2993956 shares trading hands. The stock had previously closed at $57.14.

iShares MSCI Emerging Markets ETF Stock Up 1.2%

The business has a 50 day moving average price of $54.68 and a 200 day moving average price of $52.41. The stock has a market cap of $22.87 billion, a P/E ratio of 14.46 and a beta of 0.64.

Institutional Trading of iShares MSCI Emerging Markets ETF

Several institutional investors and hedge funds have recently made changes to their positions in EEM. Versant Capital Management Inc boosted its position in 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 buying an additional 366 shares during the period. Tompkins Financial Corp bought a new stake in shares of iShares MSCI Emerging Markets ETF during the second quarter valued at approximately $26,000. Maseco LLP purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the second quarter valued at approximately $27,000. BTG Pactual Asset Management US LLC grew its stake in 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, Richardson Capital Management LLC bought a new stake in iShares MSCI Emerging Markets ETF during the 3rd quarter valued at $33,000. 81.39% of the stock is currently owned by 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.