Shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as $45.05 and last traded at $45.05, with a volume of 157438 shares trading hands. The stock had previously closed at $44.03.
iShares MSCI Emerging Markets ETF Price Performance
The company’s 50-day simple moving average is $42.73 and its 200-day simple moving average is $42.26.
Institutional Investors Weigh In On iShares MSCI Emerging Markets ETF
A number of institutional investors have recently modified their holdings of EEM. Sanctuary Advisors LLC bought a new stake in iShares MSCI Emerging Markets ETF in the second quarter worth approximately $3,089,000. Granite Bay Wealth Management LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF in the 2nd quarter valued at $8,707,000. Newport Capital Group LLC acquired a new position in shares of iShares MSCI Emerging Markets ETF during the 2nd quarter valued at $1,067,000. Smith Thornton Advisors LLC bought a new position in iShares MSCI Emerging Markets ETF during the second quarter worth $209,000. Finally, Logan Stone Capital LLC acquired a new stake in iShares MSCI Emerging Markets ETF in the second quarter worth $937,000. 81.39% of the stock is owned by 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).
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