Ramiah Investment Group trimmed its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) by 81.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,803 shares of the exchange traded fund’s stock after selling 46,589 shares during the quarter. iShares MSCI Emerging Markets ETF makes up about 0.5% of Ramiah Investment Group’s portfolio, making the stock its 26th biggest holding. Ramiah Investment Group’s holdings in iShares MSCI Emerging Markets ETF were worth $614,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently made changes to their positions in the stock. Bank of America Corp DE raised its stake in shares of iShares MSCI Emerging Markets ETF by 22.8% during the 1st quarter. Bank of America Corp DE now owns 37,337,990 shares of the exchange traded fund’s stock worth $2,120,424,000 after purchasing an additional 6,929,284 shares in the last quarter. Board of Trustees of The Leland Stanford Junior University grew 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 in the last quarter. Hsbc Holdings PLC grew its stake in shares of iShares MSCI Emerging Markets ETF by 74.9% in the fourth quarter. Hsbc Holdings PLC now owns 6,591,631 shares of the exchange traded fund’s stock valued at $360,596,000 after buying an additional 2,823,265 shares in the last quarter. National Bank of Canada FI increased its holdings in 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 buying an additional 1,969,944 shares during the last quarter. Finally, Duquesne Family Office LLC acquired a new position in iShares MSCI Emerging Markets ETF during the third quarter worth $101,460,000. Institutional investors and hedge funds own 81.39% of the company’s stock.
iShares MSCI Emerging Markets ETF Trading Up 0.8%
NYSEARCA EEM opened at $64.09 on Friday. The firm has a market capitalization of $28.81 billion, a P/E ratio of 14.46 and a beta of 0.72. The firm’s fifty day moving average price is $66.64 and its two-hundred day moving average price is $62.73. iShares MSCI Emerging Markets ETF has a 1 year low of $47.98 and a 1 year high of $71.57.
iShares MSCI Emerging Markets ETF Company 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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