Obermeyer Wealth Partners acquired a new stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) in the third quarter, HoldingsChannel reports. The institutional investor acquired 25,911 shares of the exchange traded fund’s stock, valued at approximately $1,731,000.
Other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE boosted its stake in 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 valued at $2,120,424,000 after purchasing an additional 6,929,284 shares during the last quarter. Board of Trustees of The Leland Stanford Junior University lifted its stake in shares of iShares MSCI Emerging Markets ETF by 102.7% in the 1st 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 during the period. PNC Financial Services Group Inc. raised its position in iShares MSCI Emerging Markets ETF by 4.3% in the first quarter. PNC Financial Services Group Inc. now owns 4,611,088 shares of the exchange traded fund’s stock worth $261,864,000 after acquiring an additional 189,366 shares during the period. Envestnet Asset Management Inc. lifted its position in iShares MSCI Emerging Markets ETF by 9.2% during the second quarter. Envestnet Asset Management Inc. now owns 2,704,404 shares of the exchange traded fund’s stock valued at $185,008,000 after purchasing an additional 228,966 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of iShares MSCI Emerging Markets ETF by 103.3% during 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 buying an additional 735,539 shares in the last quarter. 81.39% of the stock is owned by hedge funds and other institutional investors.
iShares MSCI Emerging Markets ETF Price Performance
Shares of NYSEARCA EEM opened at $63.57 on Thursday. iShares MSCI Emerging Markets ETF has a 1 year low of $52.38 and a 1 year high of $71.57. The stock has a market cap of $29.46 billion, a PE ratio of 14.46 and a beta of 0.74. The firm has a fifty day moving average price of $66.76 and a 200-day moving average price of $65.87.
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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