iShares MSCI Emerging Markets ex China ETF (NASDAQ:EMXC) Hits New 1-Year High – Should You 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 $94.22 and last traded at $93.76, with a volume of 1771654 shares. The stock had previously closed at $91.47.

iShares MSCI Emerging Markets ex China ETF Stock Performance

The business’s fifty day moving average is $83.58 and its two-hundred day moving average is $77.84. The company has a market cap of $22.94 billion, a P/E ratio of 15.28 and a beta of 0.86.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Innealta Capital LLC bought a new stake in iShares MSCI Emerging Markets ex China ETF during the 1st quarter valued at about $971,000. Ferguson Wellman Capital Management Inc. bought a new stake in iShares MSCI Emerging Markets ex China ETF during the 1st quarter valued at about $1,760,000. Osprey Private Wealth LLC bought a new stake in iShares MSCI Emerging Markets ex China ETF during the 1st quarter valued at about $246,000. Arbor Investment Advisors LLC lifted its holdings in iShares MSCI Emerging Markets ex China ETF by 16.9% during the 1st quarter. Arbor Investment Advisors LLC now owns 52,674 shares of the company’s stock valued at $4,143,000 after buying an additional 7,622 shares in the last quarter. Finally, Ascentis Independent Advisors bought a new stake in iShares MSCI Emerging Markets ex China ETF during the 1st quarter valued at about $289,000.

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.