iShares Emerging Markets Infrastructure ETF (NASDAQ:EMIF) Trading 0.9% Higher – Here’s Why

iShares Emerging Markets Infrastructure ETF (NASDAQ:EMIF) shares shot up 0.9% during trading on Tuesday . The company traded as high as $26.92 and last traded at $26.73. Approximately 3,965 shares were traded during trading, a decline of 13% from the average session volume of 4,564 shares. The stock had previously closed at $26.50.

iShares Emerging Markets Infrastructure ETF Stock Performance

The stock has a fifty day simple moving average of $26.02 and a two-hundred day simple moving average of $27.40. The stock has a market capitalization of $13.37 million, a price-to-earnings ratio of 10.93 and a beta of 0.45.

Institutional Investors Weigh In On iShares Emerging Markets Infrastructure ETF

A hedge fund recently bought a new stake in iShares Emerging Markets Infrastructure ETF stock. Jones Financial Companies Lllp purchased a new position in shares of iShares Emerging Markets Infrastructure ETF (NASDAQ:EMIF) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 11,207 shares of the company’s stock, valued at approximately $237,000. Jones Financial Companies Lllp owned approximately 3.74% of iShares Emerging Markets Infrastructure ETF as of its most recent filing with the SEC.

iShares Emerging Markets Infrastructure ETF Company Profile

iShares Emerging Markets Infrastructure ETF (the Fund), formerly iShares S&P Emerging Markets Infrastructure Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Emerging Markets Infrastructure Index (the Index). The Index is designed to track performance of 30 of the largest publicly listed companies in the infrastructure industry in the emerging markets. The Index includes three distinct infrastructure sub-sectors: energy, transportation and utilities.