iShares MSCI Emerging Markets ex China ETF (NASDAQ:EMXC) Reaches New 12-Month High – Here’s Why

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

iShares MSCI Emerging Markets ex China ETF Stock Performance

The firm has a market capitalization of $21.19 billion, a P/E ratio of 15.28 and a beta of 0.79. The stock has a fifty day moving average price of $82.24 and a two-hundred day moving average price of $76.08.

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

A number of institutional investors have recently made changes to their positions in EMXC. Marshall Wace LLP bought a new stake in shares of iShares MSCI Emerging Markets ex China ETF in the 2nd quarter valued at approximately $4,355,000. BNP Paribas Financial Markets increased its holdings in shares of iShares MSCI Emerging Markets ex China ETF by 43.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 39,478 shares of the company’s stock valued at $2,493,000 after acquiring an additional 11,867 shares during the last quarter. IHT Wealth Management LLC increased its holdings in shares of iShares MSCI Emerging Markets ex China ETF by 57.8% in the 2nd quarter. IHT Wealth Management LLC now owns 66,994 shares of the company’s stock valued at $4,230,000 after acquiring an additional 24,529 shares during the last quarter. Norway Savings Bank increased its holdings in shares of iShares MSCI Emerging Markets ex China ETF by 0.5% in the 3rd quarter. Norway Savings Bank now owns 79,190 shares of the company’s stock valued at $5,346,000 after acquiring an additional 398 shares during the last quarter. Finally, Montecito Bank & Trust bought a new position in iShares MSCI Emerging Markets ex China ETF during the 3rd quarter worth $4,914,000.

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.