iShares MSCI Emerging Markets Small-Cap ETF (NYSEARCA:EEMS) Shares Down 1.5% – Here’s What Happened

iShares MSCI Emerging Markets Small-Cap ETF (NYSEARCA:EEMS)’s share price traded down 1.5% on Friday . The stock traded as low as $70.85 and last traded at $71.69. Approximately 67,602 shares changed hands during mid-day trading, an increase of 41% from the average daily volume of 47,939 shares. The stock had previously closed at $72.80.

iShares MSCI Emerging Markets Small-Cap ETF Trading Down 1.5%

The stock’s 50-day simple moving average is $75.84 and its 200-day simple moving average is $73.26. The stock has a market cap of $358.45 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 hedge funds have recently added to or reduced their stakes in EEMS. Ameriprise Financial Inc. lifted its position in shares of iShares MSCI Emerging Markets Small-Cap ETF by 2.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 8,930 shares of the company’s stock valued at $579,000 after acquiring an additional 212 shares during the period. NewEdge Advisors LLC raised its stake in 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 purchasing an additional 350 shares in the last quarter. Gould Asset Management LLC CA lifted its position in iShares MSCI Emerging Markets Small-Cap ETF by 7.4% during the first quarter. Gould Asset Management LLC CA now owns 5,365 shares of the company’s stock worth $371,000 after purchasing an additional 370 shares during the period. Daytona Street Capital LLC acquired a new stake in iShares MSCI Emerging Markets Small-Cap ETF during the fourth quarter worth about $27,000. Finally, Van Berkom & Associates Inc. bought a new position in iShares MSCI Emerging Markets Small-Cap ETF in the 1st quarter valued at about $48,000.

iShares MSCI Emerging Markets Small-Cap ETF Company Profile

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.