Financial Solutions Advisory Group Inc. purchased a new stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) in the 1st quarter, Holdings Channel.com reports. The fund purchased 9,424 shares of the exchange traded fund’s stock, valued at approximately $535,000.
A number of other hedge funds also recently modified their holdings of EEM. Bank of America Corp DE grew its position in shares of iShares MSCI Emerging Markets ETF by 22.8% in the 1st quarter. Bank of America Corp DE now owns 37,337,990 shares of the exchange traded fund’s stock valued at $2,120,424,000 after buying an additional 6,929,284 shares during the last quarter. Board of Trustees of The Leland Stanford Junior University increased its stake in shares of iShares MSCI Emerging Markets ETF by 102.7% in the first quarter. Board of Trustees of The Leland Stanford Junior University now owns 9,035,926 shares of the exchange traded fund’s stock valued at $513,150,000 after buying an additional 4,577,226 shares during the period. Hsbc Holdings PLC raised its position in shares of iShares MSCI Emerging Markets ETF by 74.9% during the fourth quarter. Hsbc Holdings PLC now owns 6,591,631 shares of the exchange traded fund’s stock worth $360,596,000 after acquiring an additional 2,823,265 shares during the last quarter. National Bank of Canada FI raised its position in shares of iShares MSCI Emerging Markets ETF by 21,534.1% during the third quarter. National Bank of Canada FI now owns 1,979,092 shares of the exchange traded fund’s stock worth $105,689,000 after acquiring an additional 1,969,944 shares during the last quarter. Finally, Duquesne Family Office LLC bought a new position in shares of iShares MSCI Emerging Markets ETF during the third quarter worth about $101,460,000. Institutional investors and hedge funds own 81.39% of the company’s stock.
iShares MSCI Emerging Markets ETF Price Performance
iShares MSCI Emerging Markets ETF stock opened at $64.09 on Friday. The stock’s 50 day moving average is $66.64 and its 200 day moving average is $62.73. iShares MSCI Emerging Markets ETF has a one year low of $47.98 and a one year high of $71.57. The firm has a market cap of $28.81 billion, a P/E ratio of 14.46 and a beta of 0.72.
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). 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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Want to see what other hedge funds are holding EEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report).
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