iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) Reaches New 52-Week High at $43.87

iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) shares hit a new 52-week high on Tuesday . The stock traded as high as $43.87 and last traded at $43.87, with a volume of 12314404 shares. The stock had previously closed at $43.64.

iShares MSCI Emerging Markets ETF Trading Up 0.6 %

The company’s fifty day moving average is $42.75 and its 200 day moving average is $41.00.

Institutional Investors Weigh In On iShares MSCI Emerging Markets ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. OLD Mission Capital LLC bought a new stake in iShares MSCI Emerging Markets ETF during the first quarter worth about $880,516,000. TD Asset Management Inc raised its stake in shares of iShares MSCI Emerging Markets ETF by 657.0% during the 4th quarter. TD Asset Management Inc now owns 4,376,975 shares of the exchange traded fund’s stock worth $175,998,000 after purchasing an additional 3,798,757 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of iShares MSCI Emerging Markets ETF by 15.2% in the 1st quarter. Jane Street Group LLC now owns 24,776,158 shares of the exchange traded fund’s stock valued at $1,017,805,000 after buying an additional 3,270,493 shares during the last quarter. DRW Securities LLC bought a new position in shares of iShares MSCI Emerging Markets ETF in the fourth quarter valued at $64,675,000. Finally, SG Americas Securities LLC increased its holdings in iShares MSCI Emerging Markets ETF by 70.2% during the fourth quarter. SG Americas Securities LLC now owns 3,317,237 shares of the exchange traded fund’s stock worth $133,386,000 after buying an additional 1,368,272 shares during the last quarter. 81.39% of the stock is owned by institutional investors.

About iShares MSCI Emerging Markets ETF

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).