iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) Hits New 52-Week High – Here’s Why

iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) reached a new 52-week high during trading on Thursday . The stock traded as high as $70.87 and last traded at $70.81, with a volume of 26231961 shares changing hands. The stock had previously closed at $68.56.

iShares MSCI Emerging Markets ETF Stock Up 3.2%

The business has a 50-day moving average price of $65.37 and a two-hundred day moving average price of $60.28. The company has a market capitalization of $31.34 billion, a price-to-earnings ratio of 14.46 and a beta of 0.73.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of EEM. Bank of America Corp DE increased its position in shares of iShares MSCI Emerging Markets ETF by 22.8% during the first quarter. Bank of America Corp DE now owns 37,337,990 shares of the exchange traded fund’s stock worth $2,120,424,000 after acquiring an additional 6,929,284 shares in the last quarter. Board of Trustees of The Leland Stanford Junior University increased its holdings in iShares MSCI Emerging Markets ETF by 102.7% during the 1st quarter. Board of Trustees of The Leland Stanford Junior University now owns 9,035,926 shares of the exchange traded fund’s stock worth $513,150,000 after purchasing an additional 4,577,226 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new stake in iShares MSCI Emerging Markets ETF during the 3rd quarter worth approximately $407,231,000. Hsbc Holdings PLC raised its stake in shares of iShares MSCI Emerging Markets ETF by 74.9% in the fourth quarter. Hsbc Holdings PLC now owns 6,591,631 shares of the exchange traded fund’s stock worth $360,596,000 after purchasing an additional 2,823,265 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of iShares MSCI Emerging Markets ETF by 4.3% in the first quarter. PNC Financial Services Group Inc. now owns 4,611,088 shares of the exchange traded fund’s stock valued at $261,864,000 after purchasing an additional 189,366 shares in 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). 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.