Canandaigua National Bank & Trust Co. purchased a new stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 37,154 shares of the exchange traded fund’s stock, valued at approximately $2,542,000.
A number of other hedge funds have also recently added to or reduced their stakes in EEM. Brighton Jones LLC increased its stake in shares of iShares MSCI Emerging Markets ETF by 1.7% during the 4th quarter. Brighton Jones LLC now owns 118,587 shares of the exchange traded fund’s stock worth $4,959,000 after purchasing an additional 1,940 shares during the last quarter. AQR Capital Management LLC increased its position in iShares MSCI Emerging Markets ETF by 13.3% during the first quarter. AQR Capital Management LLC now owns 80,248 shares of the exchange traded fund’s stock worth $3,507,000 after buying an additional 9,437 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in iShares MSCI Emerging Markets ETF during the second quarter valued at about $3,957,000. Gamco Investors INC. ET AL acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the second quarter worth about $462,000. Finally, Quantinno Capital Management LP lifted its position in shares of iShares MSCI Emerging Markets ETF by 3.1% in the second quarter. Quantinno Capital Management LP now owns 43,885 shares of the exchange traded fund’s stock worth $2,117,000 after buying an additional 1,320 shares during the last quarter. Institutional investors and hedge funds own 81.39% of the company’s stock.
iShares MSCI Emerging Markets ETF Stock Performance
Shares of NYSEARCA EEM opened at $66.00 on Wednesday. The firm has a market cap of $29.67 billion, a price-to-earnings ratio of 14.46 and a beta of 0.74. The business’s 50-day simple moving average is $66.56 and its 200-day simple moving average is $62.87. iShares MSCI Emerging Markets ETF has a 52 week low of $48.72 and a 52 week high of $71.57.
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.
Further Reading
- Five stocks we like better than iShares MSCI Emerging Markets ETF
- System Upgrade: First Internet Bancorp Options Surge
- AI Security Breaches Raise New Risks for Microsoft and Amazon’s Agent Push
- The AI Chip Blockade Is Creating a Shadow Market
- Grab Holdings Stock Forms Bottom After Strong Beat-and-Raise Quarter
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).
Receive News & Ratings for iShares MSCI Emerging Markets ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares MSCI Emerging Markets ETF and related companies with MarketBeat.com's FREE daily email newsletter.
