iShares MSCI Emerging Markets Small-Cap ETF (NYSEARCA:EEMS) Stock Price Down 5.2% – Here’s What Happened

iShares MSCI Emerging Markets Small-Cap ETF (NYSEARCA:EEMS) dropped 5.2% during mid-day trading on Friday . The stock traded as low as $73.64 and last traded at $73.68. Approximately 13,268 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 38,422 shares. The stock had previously closed at $77.73.

iShares MSCI Emerging Markets Small-Cap ETF Price Performance

The stock has a 50-day moving average price of $75.05 and a 200 day moving average price of $71.65. The firm has a market cap of $434.71 million, a price-to-earnings ratio of 15.93 and a beta of 0.69.

Hedge Funds Weigh In On iShares MSCI Emerging Markets Small-Cap ETF

A number of institutional investors have recently modified their holdings of the business. Daytona Street Capital LLC acquired a new stake in iShares MSCI Emerging Markets Small-Cap ETF during the 4th quarter worth $27,000. Van Berkom & Associates Inc. acquired a new position in iShares MSCI Emerging Markets Small-Cap ETF in the first quarter valued at $48,000. NewEdge Advisors LLC raised its holdings in shares of iShares MSCI Emerging Markets Small-Cap ETF by 21.2% in the second quarter. NewEdge Advisors LLC now owns 2,000 shares of the company’s stock valued at $130,000 after buying an additional 350 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of iShares MSCI Emerging Markets Small-Cap ETF by 90.7% during the fourth quarter. Farther Finance Advisors LLC now owns 3,213 shares of the company’s stock worth $217,000 after buying an additional 1,528 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of iShares MSCI Emerging Markets Small-Cap ETF by 261.2% during the second quarter. JPMorgan Chase & Co. now owns 4,866 shares of the company’s stock worth $316,000 after buying an additional 3,519 shares during the period.

About iShares MSCI Emerging Markets Small-Cap ETF

The iShares MSCI Emerging Markets Small-Cap ETF (EEMS) is an exchange-traded fund that is based on the MSCI Emerging Markets Small Cap index, a market-cap-weighted index of emerging markets stocks with market capitalizations between $200M and $1.5B. EEMS was launched on Aug 16, 2011 and is managed by BlackRock.