iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) Reaches New 12-Month High – Here’s Why

Shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $47.57 and last traded at $47.50, with a volume of 14540348 shares. The stock had previously closed at $47.32.

iShares MSCI Emerging Markets ETF Trading Up 0.6%

The business has a fifty day simple moving average of $44.07 and a two-hundred day simple moving average of $43.58. The company has a market cap of $17.93 billion, a PE ratio of 13.99 and a beta of 0.62.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of EEM. GM Advisory Group LLC grew its position in iShares MSCI Emerging Markets ETF by 1.7% in the fourth quarter. GM Advisory Group LLC now owns 26,471 shares of the exchange traded fund’s stock worth $1,107,000 after acquiring an additional 448 shares during the period. QRG Capital Management Inc. acquired a new position in shares of iShares MSCI Emerging Markets ETF in the 4th quarter valued at $205,000. Jones Financial Companies Lllp grew its holdings in shares of iShares MSCI Emerging Markets ETF by 70.3% during the 4th quarter. Jones Financial Companies Lllp now owns 12,265 shares of the exchange traded fund’s stock worth $513,000 after purchasing an additional 5,063 shares during the period. Discovery Capital Management LLC CT purchased a new position in shares of iShares MSCI Emerging Markets ETF during the 4th quarter worth $312,000. Finally, Carret Asset Management LLC increased its position in shares of iShares MSCI Emerging Markets ETF by 4.2% during the 4th quarter. Carret Asset Management LLC now owns 21,068 shares of the exchange traded fund’s stock worth $881,000 after purchasing an additional 857 shares during the last quarter. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Company Profile

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).