iShares MSCI Emerging Markets ex China ETF (NASDAQ:EMXC) Shares Gap Down – What’s Next?

iShares MSCI Emerging Markets ex China ETF (NASDAQ:EMXC)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $58.61, but opened at $56.97. iShares MSCI Emerging Markets ex China ETF shares last traded at $56.91, with a volume of 71,946 shares changing hands.

iShares MSCI Emerging Markets ex China ETF Stock Down 2.5 %

The business has a fifty day moving average price of $59.07 and a 200-day moving average price of $59.43. The company has a market cap of $16.21 billion, a P/E ratio of 12.73 and a beta of 0.88.

Hedge Funds Weigh In On iShares MSCI Emerging Markets ex China ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp lifted its stake in iShares MSCI Emerging Markets ex China ETF by 5.5% during the second quarter. Bank of New York Mellon Corp now owns 9,363,401 shares of the company’s stock worth $554,313,000 after purchasing an additional 488,114 shares during the last quarter. Rosenberg Matthew Hamilton bought a new stake in shares of iShares MSCI Emerging Markets ex China ETF during the 2nd quarter worth $145,000. Mittelman Wealth Management boosted its stake in iShares MSCI Emerging Markets ex China ETF by 24.7% in the second quarter. Mittelman Wealth Management now owns 7,481 shares of the company’s stock valued at $443,000 after buying an additional 1,482 shares in the last quarter. Waterloo Capital L.P. bought a new position in iShares MSCI Emerging Markets ex China ETF in the second quarter valued at about $522,000. Finally, Marshall Wace LLP raised its stake in iShares MSCI Emerging Markets ex China ETF by 336.7% during the second quarter. Marshall Wace LLP now owns 268,443 shares of the company’s stock worth $15,892,000 after acquiring an additional 206,975 shares in the last quarter.

About iShares MSCI Emerging Markets ex China ETF

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.