iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) Reaches New 52-Week High – Still a Buy?

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

iShares MSCI Emerging Markets ETF Stock Performance

The firm has a market capitalization of $17.93 billion, a PE ratio of 13.99 and a beta of 0.62. The business’s 50 day moving average price is $44.07 and its 200-day moving average price is $43.58.

Institutional Investors Weigh In On iShares MSCI Emerging Markets ETF

A number of institutional investors have recently modified their holdings of the company. Snowden Capital Advisors LLC lifted its holdings in iShares MSCI Emerging Markets ETF by 3.3% during the 4th quarter. Snowden Capital Advisors LLC now owns 7,485 shares of the exchange traded fund’s stock worth $313,000 after buying an additional 236 shares in the last quarter. Coastline Trust Co increased its position in shares of iShares MSCI Emerging Markets ETF by 2.7% during the first quarter. Coastline Trust Co now owns 9,382 shares of the exchange traded fund’s stock worth $410,000 after acquiring an additional 245 shares during the period. Shared Vision Wealth Group LLC raised its stake in shares of iShares MSCI Emerging Markets ETF by 3.7% in the fourth quarter. Shared Vision Wealth Group LLC now owns 7,165 shares of the exchange traded fund’s stock valued at $300,000 after acquiring an additional 256 shares in the last quarter. Delap Wealth Advisory LLC boosted its holdings in iShares MSCI Emerging Markets ETF by 2.2% in the fourth quarter. Delap Wealth Advisory LLC now owns 12,117 shares of the exchange traded fund’s stock valued at $507,000 after purchasing an additional 257 shares during the period. Finally, Taylor & Morgan Wealth Management LLC grew its stake in iShares MSCI Emerging Markets ETF by 2.0% during the 1st quarter. Taylor & Morgan Wealth Management LLC now owns 13,362 shares of the exchange traded fund’s stock worth $584,000 after purchasing an additional 260 shares in the last quarter. 81.39% of the stock is owned by institutional investors and hedge funds.

About iShares MSCI Emerging Markets ETF

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).