iShares MSCI Emerging Markets ex China ETF (NASDAQ:EMXC) Sets New 52-Week Low – What’s Next?

iShares MSCI Emerging Markets ex China ETF (NASDAQ:EMXC)’s stock price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $51.39 and last traded at $51.72, with a volume of 903213 shares traded. The stock had previously closed at $54.27.

iShares MSCI Emerging Markets ex China ETF Price Performance

The company has a 50 day simple moving average of $56.04 and a 200-day simple moving average of $57.65. The stock has a market capitalization of $13.56 billion, a P/E ratio of 15.53 and a beta of 0.88.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EMXC. Nemes Rush Group LLC bought a new stake in shares of iShares MSCI Emerging Markets ex China ETF in the fourth quarter valued at approximately $26,000. Tidemark LLC grew its stake in iShares MSCI Emerging Markets ex China ETF by 14,525.0% in the 4th quarter. Tidemark LLC now owns 585 shares of the company’s stock valued at $32,000 after buying an additional 581 shares in the last quarter. Fourth Dimension Wealth LLC bought a new stake in iShares MSCI Emerging Markets ex China ETF during the 4th quarter valued at $37,000. Ameriflex Group Inc. purchased a new stake in shares of iShares MSCI Emerging Markets ex China ETF during the fourth quarter worth $37,000. Finally, GPS Wealth Strategies Group LLC boosted its holdings in shares of iShares MSCI Emerging Markets ex China ETF by 6,742.9% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 958 shares of the company’s stock worth $53,000 after acquiring an additional 944 shares during the period.

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.