iShares MSCI Emerging Markets ex China ETF (NASDAQ:EMXC) Sets New 52-Week High – Still a Buy?

iShares MSCI Emerging Markets ex China ETF (NASDAQ:EMXC)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $71.52 and last traded at $71.40, with a volume of 1905111 shares traded. The stock had previously closed at $70.32.

iShares MSCI Emerging Markets ex China ETF Trading Up 1.5%

The company’s 50 day moving average price is $66.49 and its 200-day moving average price is $62.26. The company has a market capitalization of $13.19 billion, a PE ratio of 15.28 and a beta of 0.88.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. United Services Automobile Association acquired a new position in shares of iShares MSCI Emerging Markets ex China ETF in the 1st quarter valued at about $293,371,000. Flow Traders U.S. LLC lifted its position in iShares MSCI Emerging Markets ex China ETF by 184.8% during the second quarter. Flow Traders U.S. LLC now owns 1,342,097 shares of the company’s stock valued at $84,740,000 after buying an additional 870,883 shares in the last quarter. Myriad Asset Management US LP acquired a new position in iShares MSCI Emerging Markets ex China ETF during the second quarter valued at approximately $39,766,000. Partners Capital Investment Group LLP grew its stake in iShares MSCI Emerging Markets ex China ETF by 12.2% during the first quarter. Partners Capital Investment Group LLP now owns 4,000,438 shares of the company’s stock worth $220,384,000 after buying an additional 433,786 shares during the period. Finally, Cullen Frost Bankers Inc. increased its position in shares of iShares MSCI Emerging Markets ex China ETF by 8.3% in the first quarter. Cullen Frost Bankers Inc. now owns 2,457,140 shares of the company’s stock worth $135,364,000 after acquiring an additional 189,306 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.