iShares MSCI Emerging Markets ex China ETF (NASDAQ:EMXC) Reaches New 1-Year High – Still a Buy?

iShares MSCI Emerging Markets ex China ETF (NASDAQ:EMXC)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $78.04 and last traded at $78.1220, with a volume of 277578 shares. The stock had previously closed at $76.79.

iShares MSCI Emerging Markets ex China ETF Trading Up 0.9%

The business’s 50-day simple moving average is $72.85 and its two-hundred day simple moving average is $68.83. The company has a market capitalization of $15.26 billion, a PE ratio of 15.28 and a beta of 0.82.

iShares MSCI Emerging Markets ex China ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were issued a $1.3357 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a yield of 384.0%.

Institutional Investors Weigh In On iShares MSCI Emerging Markets ex China ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Brown Brothers Harriman & Co. purchased a new position in shares of iShares MSCI Emerging Markets ex China ETF during the 3rd quarter valued at approximately $27,000. Front Row Advisors LLC acquired a new stake in iShares MSCI Emerging Markets ex China ETF in the second quarter valued at $26,000. Family Legacy Financial Solutions LLC bought a new position in iShares MSCI Emerging Markets ex China ETF during the 3rd quarter valued at $31,000. Sound Income Strategies LLC boosted its stake in iShares MSCI Emerging Markets ex China ETF by 114.2% during the 3rd quarter. Sound Income Strategies LLC now owns 497 shares of the company’s stock valued at $34,000 after acquiring an additional 265 shares during the last quarter. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new position in iShares MSCI Emerging Markets ex China ETF during the 2nd quarter worth $32,000.

About iShares MSCI Emerging Markets ex China ETF

The iShares MSCI Emerging Markets ex China ETF (EMXC) is an exchange-traded fund that is based on the MSCI Emerging Markets ex China index. The fund tracks a market-cap- weighted index of emerging-market firms, excluding China. The index covers 85% of the universe by market cap. EMXC was launched on Jul 18, 2017 and is managed by BlackRock.