iShares MSCI Emerging Markets ex China ETF (NASDAQ:EMXC) Hits New 12-Month High – Should You Buy?

iShares MSCI Emerging Markets ex China ETF (NASDAQ:EMXC) shares hit a new 52-week high during trading on Friday . The company traded as high as $85.74 and last traded at $85.8580, with a volume of 852080 shares trading hands. The stock had previously closed at $84.08.

iShares MSCI Emerging Markets ex China ETF Stock Performance

The company has a market capitalization of $16.87 billion, a PE ratio of 15.28 and a beta of 0.82. The firm has a fifty day simple moving average of $77.52 and a 200-day simple moving average of $71.63.

iShares MSCI Emerging Markets ex China ETF Announces Dividend

The business also recently declared a dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were given a dividend of $1.3357 per share. This represents a dividend yield of 384.0%. The ex-dividend date was Tuesday, December 16th.

Institutional Inflows and Outflows

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

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.