Ramirez Asset Management Inc. increased its position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) by 148.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,254 shares of the exchange traded fund’s stock after buying an additional 22,836 shares during the period. Ramirez Asset Management Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $2,093,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. MCF Advisors LLC grew its holdings in iShares MSCI Emerging Markets ETF by 9.4% in the fourth quarter. MCF Advisors LLC now owns 5,875 shares of the exchange traded fund’s stock worth $321,000 after purchasing an additional 505 shares during the period. Pinebridge Investments LLC acquired a new stake in iShares MSCI Emerging Markets ETF in the fourth quarter worth $920,000. Parallel Advisors LLC grew its holdings in iShares MSCI Emerging Markets ETF by 8.3% in the fourth quarter. Parallel Advisors LLC now owns 128,770 shares of the exchange traded fund’s stock worth $7,045,000 after purchasing an additional 9,843 shares during the period. Lifestyle Asset Management Inc. grew its holdings in iShares MSCI Emerging Markets ETF by 35.6% in the fourth quarter. Lifestyle Asset Management Inc. now owns 49,961 shares of the exchange traded fund’s stock worth $2,733,000 after purchasing an additional 13,117 shares during the period. Finally, Arrowpoint Investment Partners Singapore Pte. Ltd. grew its holdings in iShares MSCI Emerging Markets ETF by 9.0% in the fourth quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. now owns 10,900 shares of the exchange traded fund’s stock worth $596,000 after purchasing an additional 900 shares during the period. Institutional investors own 81.39% of the company’s stock.
iShares MSCI Emerging Markets ETF Trading Down 6.5%
NYSEARCA:EEM opened at $64.59 on Friday. The stock has a market capitalization of $28.60 billion, a price-to-earnings ratio of 14.46 and a beta of 0.73. The firm has a fifty day simple moving average of $63.60 and a two-hundred day simple moving average of $59.48. iShares MSCI Emerging Markets ETF has a 12 month low of $46.15 and a 12 month high of $70.86.
iShares MSCI Emerging Markets ETF Profile
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). The Index is designed to measure equity market performance in the global emerging markets. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.
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