iShares MSCI Emerging Markets ex China ETF (NASDAQ:EMXC) Hits New 52-Week High – Here’s Why

Shares of iShares MSCI Emerging Markets ex China ETF (NASDAQ:EMXC) hit a new 52-week high during trading on Friday . The company traded as high as $89.92 and last traded at $89.62, with a volume of 286021 shares traded. The stock had previously closed at $87.84.

iShares MSCI Emerging Markets ex China ETF Price Performance

The company has a market cap of $21.10 billion, a price-to-earnings ratio of 15.28 and a beta of 0.79. The firm’s 50 day simple moving average is $82.40 and its 200-day simple moving average is $76.30.

Institutional Investors Weigh In On iShares MSCI Emerging Markets ex China ETF

A number of institutional investors and hedge funds have recently made changes to their positions in EMXC. Rossby Financial LCC raised its holdings in iShares MSCI Emerging Markets ex China ETF by 8.5% during the fourth quarter. Rossby Financial LCC now owns 1,563 shares of the company’s stock worth $114,000 after purchasing an additional 122 shares in the last quarter. Nations Financial Group Inc. IA ADV raised its holdings in iShares MSCI Emerging Markets ex China ETF by 1.4% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 9,680 shares of the company’s stock worth $704,000 after purchasing an additional 132 shares in the last quarter. Cary Street Partners Financial LLC raised its holdings in iShares MSCI Emerging Markets ex China ETF by 4.2% during the third quarter. Cary Street Partners Financial LLC now owns 3,951 shares of the company’s stock worth $267,000 after purchasing an additional 159 shares in the last quarter. First PREMIER Bank raised its holdings in iShares MSCI Emerging Markets ex China ETF by 7.1% during the third quarter. First PREMIER Bank now owns 2,867 shares of the company’s stock worth $194,000 after purchasing an additional 190 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in iShares MSCI Emerging Markets ex China ETF by 3.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 6,131 shares of the company’s stock worth $446,000 after purchasing an additional 206 shares in the last quarter.

iShares MSCI Emerging Markets ex China ETF Company Profile

The iShares MSCI Emerging Markets ex China ETF (EMXC) is an exchange-traded fund that is based on the MSCI Emerging Markets ex China index. The fund tracks a market-cap- weighted index of emerging-market firms, excluding China. The index covers 85% of the universe by market cap. EMXC was launched on Jul 18, 2017 and is managed by BlackRock.