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

iShares MSCI Emerging Markets ETF (NYSEARCA:EEMGet Free Report)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $68.27 and last traded at $68.12, with a volume of 6110997 shares trading hands. The stock had previously closed at $65.88.

iShares MSCI Emerging Markets ETF Price Performance

The company has a market capitalization of $30.25 billion, a PE ratio of 14.46 and a beta of 0.71. The company’s 50 day simple moving average is $61.55 and its 200 day simple moving average is $58.65.

Hedge Funds Weigh In On iShares MSCI Emerging Markets ETF

Several hedge funds have recently added to or reduced their stakes in EEM. MidAtlantic Capital Management Inc. purchased a new position in iShares MSCI Emerging Markets ETF in the fourth quarter valued at approximately $25,000. Hilton Head Capital Partners LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the 4th quarter valued at about $25,000. Merkkuri Wealth Advisors LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the 1st quarter valued at about $27,000. BTG Pactual Asset Management US LLC boosted its position in shares of iShares MSCI Emerging Markets ETF by 101.3% in the 3rd quarter. BTG Pactual Asset Management US LLC now owns 571 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 46,071 shares during the period. Finally, Elevated Capital Advisors LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the 4th quarter valued at about $31,000. 81.39% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Company Profile

(Get Free Report)

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.

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