iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) Reaches New 1-Year High – Here’s What Happened

iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $58.41 and last traded at $58.1840, with a volume of 9547995 shares traded. The stock had previously closed at $57.31.

iShares MSCI Emerging Markets ETF Stock Up 0.6%

The stock has a 50 day simple moving average of $55.18 and a two-hundred day simple moving average of $52.95. The stock has a market capitalization of $25.28 billion, a P/E ratio of 14.46 and a beta of 0.64.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Gries Financial LLC increased its holdings in shares of iShares MSCI Emerging Markets ETF by 1.3% in the 3rd quarter. Gries Financial LLC now owns 14,652 shares of the exchange traded fund’s stock worth $782,000 after purchasing an additional 187 shares in the last quarter. Brown Lisle Cummings Inc. lifted its holdings in shares of iShares MSCI Emerging Markets ETF by 11.7% during the third quarter. Brown Lisle Cummings Inc. now owns 1,926 shares of the exchange traded fund’s stock valued at $103,000 after purchasing an additional 201 shares in the last quarter. Aspiriant LLC lifted its holdings in shares of iShares MSCI Emerging Markets ETF by 0.5% during the fourth quarter. Aspiriant LLC now owns 39,780 shares of the exchange traded fund’s stock valued at $2,176,000 after purchasing an additional 204 shares in the last quarter. Accredited Wealth Management LLC boosted its position in shares of iShares MSCI Emerging Markets ETF by 42.7% during the third quarter. Accredited Wealth Management LLC now owns 688 shares of the exchange traded fund’s stock valued at $37,000 after buying an additional 206 shares during the last quarter. Finally, J2 Capital Management Inc increased its holdings in iShares MSCI Emerging Markets ETF by 0.5% in the 4th quarter. J2 Capital Management Inc now owns 39,927 shares of the exchange traded fund’s stock worth $2,184,000 after buying an additional 207 shares in the last quarter. 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.