iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) Reaches New 52-Week High – Here’s What Happened

iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $61.94 and last traded at $62.0370, with a volume of 14898920 shares changing hands. The stock had previously closed at $61.04.

iShares MSCI Emerging Markets ETF Price Performance

The company has a market capitalization of $28.33 billion, a P/E ratio of 14.46 and a beta of 0.64. The business’s 50-day moving average price is $57.57 and its two-hundred day moving average price is $54.52.

Institutional Investors Weigh In On iShares MSCI Emerging Markets ETF

Several large investors have recently modified their holdings of EEM. Compound Planning Inc. grew its position in shares of iShares MSCI Emerging Markets ETF by 66.5% in the 4th quarter. Compound Planning Inc. now owns 8,926 shares of the exchange traded fund’s stock valued at $488,000 after purchasing an additional 3,564 shares during the period. Lexington Hill Partners LLC acquired a new position in shares of iShares MSCI Emerging Markets ETF in the fourth quarter valued at approximately $1,330,000. Axxcess Wealth Management LLC boosted its holdings in shares of iShares MSCI Emerging Markets ETF by 3,995.4% in the fourth quarter. Axxcess Wealth Management LLC now owns 166,397 shares of the exchange traded fund’s stock valued at $9,104,000 after buying an additional 162,334 shares during the period. Aznar Financial Advisors LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF during the fourth quarter worth $298,000. Finally, Corient Private Wealth LLC raised its holdings in shares of iShares MSCI Emerging Markets ETF by 4.3% during the fourth quarter. Corient Private Wealth LLC now owns 859,021 shares of the exchange traded fund’s stock worth $46,898,000 after acquiring an additional 35,715 shares during the period. 81.39% of the stock is currently owned by institutional investors.

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). 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.