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

iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $68.27 and last traded at $68.12, with a volume of 6110997 shares changing hands. The stock had previously closed at $65.88.

iShares MSCI Emerging Markets ETF Stock Performance

The business has a 50-day moving average of $61.55 and a 200-day moving average of $58.65. The stock has a market capitalization of $30.25 billion, a price-to-earnings ratio of 14.46 and a beta of 0.71.

Institutional Investors Weigh In On iShares MSCI Emerging Markets ETF

A number of institutional investors and hedge funds have recently made changes to their positions in EEM. Brighton Jones LLC raised its holdings in shares of iShares MSCI Emerging Markets ETF by 1.7% in the fourth quarter. Brighton Jones LLC now owns 118,587 shares of the exchange traded fund’s stock valued at $4,959,000 after buying an additional 1,940 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of iShares MSCI Emerging Markets ETF by 13.3% in the 1st quarter. AQR Capital Management LLC now owns 80,248 shares of the exchange traded fund’s stock valued at $3,507,000 after purchasing an additional 9,437 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of iShares MSCI Emerging Markets ETF in the 2nd quarter valued at approximately $3,957,000. Gamco Investors INC. ET AL purchased a new position in shares of iShares MSCI Emerging Markets ETF in the 2nd quarter valued at approximately $462,000. Finally, Quantinno Capital Management LP grew its stake in shares of iShares MSCI Emerging Markets ETF by 3.1% in the 2nd quarter. Quantinno Capital Management LP now owns 43,885 shares of the exchange traded fund’s stock valued at $2,117,000 after purchasing an additional 1,320 shares during the last quarter. 81.39% of the stock is owned by hedge funds and other institutional investors.

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.