iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) Sets New 1-Year High – Here’s Why

iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $68.15 and last traded at $67.89, with a volume of 14624089 shares traded. The stock had previously closed at $67.94.

iShares MSCI Emerging Markets ETF Stock Performance

The firm has a market cap of $29.76 billion, a P/E ratio of 14.46 and a beta of 0.71. The company has a 50 day moving average of $60.36 and a 200 day moving average of $58.08.

Institutional Investors Weigh In On iShares MSCI Emerging Markets ETF

Several large investors have recently made changes to their positions in EEM. Board of Trustees of The Leland Stanford Junior University raised its holdings in shares of 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 valued at $513,150,000 after purchasing an additional 4,577,226 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new position in shares of iShares MSCI Emerging Markets ETF during the 3rd quarter valued at $407,231,000. Hsbc Holdings PLC raised its holdings in shares of iShares MSCI Emerging Markets ETF by 74.9% during the 4th quarter. Hsbc Holdings PLC now owns 6,591,631 shares of the exchange traded fund’s stock valued at $360,596,000 after purchasing an additional 2,823,265 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of iShares MSCI Emerging Markets ETF by 4.3% during the 1st 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. Finally, LPL Financial LLC raised its holdings in shares of iShares MSCI Emerging Markets ETF by 6.1% during the 4th quarter. LPL Financial LLC now owns 3,401,849 shares of the exchange traded fund’s stock valued at $186,115,000 after purchasing an additional 196,473 shares in the last quarter. Institutional investors 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.