iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $54.88 and last traded at $54.73, with a volume of 1941651 shares traded. The stock had previously closed at $54.50.
The firm has a 50-day moving average price of $51.34 and a 200 day moving average price of $48.49.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Advocacy Wealth Management Services LLC acquired a new stake in iShares MSCI Emerging Markets ETF in the fourth quarter valued at $35,000. Northwest Investment Counselors LLC bought a new position in shares of iShares MSCI Emerging Markets ETF in the third quarter worth about $43,000. Oakworth Capital Inc. grew its holdings in iShares MSCI Emerging Markets ETF by 120.0% during the 3rd quarter. Oakworth Capital Inc. now owns 1,100 shares of the exchange traded fund’s stock valued at $48,000 after buying an additional 600 shares in the last quarter. Bainco International Investors purchased a new position in iShares MSCI Emerging Markets ETF during the 4th quarter valued at approximately $63,000. Finally, Motco boosted its holdings in shares of iShares MSCI Emerging Markets ETF by 162.6% in the 3rd quarter. Motco now owns 1,602 shares of the exchange traded fund’s stock worth $71,000 after purchasing an additional 992 shares during the period.
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).
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