iShares MSCI Emerging Markets ex China ETF (NASDAQ:EMXC) Sees Strong Trading Volume – Still a Buy?

iShares MSCI Emerging Markets ex China ETF (NASDAQ:EMXC) saw unusually-strong trading volume on Friday . Approximately 8,289,392 shares traded hands during mid-day trading, an increase of 137% from the previous session’s volume of 3,491,829 shares.The stock last traded at $77.85 and had previously closed at $80.19.

iShares MSCI Emerging Markets ex China ETF Stock Performance

The company’s 50-day moving average price is $81.31 and its two-hundred day moving average price is $73.99. The stock has a market cap of $15.11 billion, a PE ratio of 15.28 and a beta of 0.82.

Hedge Funds Weigh In On iShares MSCI Emerging Markets ex China ETF

A number of hedge funds and other institutional investors have recently modified their holdings of EMXC. Cullen Frost Bankers Inc. raised its holdings in shares of iShares MSCI Emerging Markets ex China ETF by 3.6% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 2,609,474 shares of the company’s stock valued at $176,166,000 after buying an additional 90,776 shares in the last quarter. JPMorgan Chase & Co. grew its position in iShares MSCI Emerging Markets ex China ETF by 6.0% during the fourth quarter. JPMorgan Chase & Co. now owns 2,336,582 shares of the company’s stock valued at $169,823,000 after acquiring an additional 131,459 shares during the last quarter. Russell Investments Group Ltd. grew its position in iShares MSCI Emerging Markets ex China ETF by 5.2% during the third quarter. Russell Investments Group Ltd. now owns 1,431,332 shares of the company’s stock valued at $96,629,000 after acquiring an additional 71,035 shares during the last quarter. Flow Traders U.S. LLC raised its stake in shares of iShares MSCI Emerging Markets ex China ETF by 184.8% during the second quarter. Flow Traders U.S. LLC now owns 1,342,097 shares of the company’s stock worth $84,740,000 after acquiring an additional 870,883 shares in the last quarter. Finally, RiverFront Investment Group LLC lifted its holdings in shares of iShares MSCI Emerging Markets ex China ETF by 2.6% in the 2nd quarter. RiverFront Investment Group LLC now owns 792,256 shares of the company’s stock worth $50,023,000 after acquiring an additional 19,703 shares during the last quarter.

iShares MSCI Emerging Markets ex China ETF Company Profile

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.