Halbert Hargrove Global Advisors LLC purchased a new stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 1,026,664 shares of the exchange traded fund’s stock, valued at approximately $68,571,000. iShares MSCI Emerging Markets ETF makes up approximately 3.0% of Halbert Hargrove Global Advisors LLC’s holdings, making the stock its 10th biggest holding. Halbert Hargrove Global Advisors LLC owned approximately 0.22% of iShares MSCI Emerging Markets ETF at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of EEM. Bank of America Corp DE lifted its position in shares of iShares MSCI Emerging Markets ETF by 22.8% in the first 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 acquiring an additional 6,929,284 shares in the last quarter. Board of Trustees of The Leland Stanford Junior University increased its position in shares of iShares MSCI Emerging Markets ETF by 102.7% during 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 worth $513,150,000 after purchasing an additional 4,577,226 shares in the last quarter. Hsbc Holdings PLC raised its stake in iShares MSCI Emerging Markets ETF by 74.9% in the 4th quarter. Hsbc Holdings PLC now owns 6,591,631 shares of the exchange traded fund’s stock valued at $360,596,000 after purchasing an additional 2,823,265 shares during the last quarter. Fifth Third Bancorp raised its stake in iShares MSCI Emerging Markets ETF by 103.3% in the 1st quarter. Fifth Third Bancorp now owns 1,447,782 shares of the exchange traded fund’s stock valued at $82,220,000 after purchasing an additional 735,539 shares during the last quarter. Finally, Gradient Investments LLC acquired a new position in iShares MSCI Emerging Markets ETF in the 3rd quarter valued at $45,301,000. 81.39% of the stock is owned by hedge funds and other institutional investors.
iShares MSCI Emerging Markets ETF Stock Down 0.7%
Shares of EEM opened at $63.96 on Friday. iShares MSCI Emerging Markets ETF has a 52-week low of $52.38 and a 52-week high of $71.57. The firm’s fifty day moving average is $66.95 and its two-hundred day moving average is $65.67. The stock has a market cap of $29.65 billion, a PE ratio of 14.46 and a beta of 0.74.
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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