Howland Capital Management LLC acquired a new stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 24,371 shares of the exchange traded fund’s stock, valued at approximately $1,628,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of EEM. Bank of America Corp DE boosted its stake in 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 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 increased its stake in iShares MSCI Emerging Markets ETF by 102.7% during 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 valued at $513,150,000 after purchasing an additional 4,577,226 shares in the last quarter. Halbert Hargrove Global Advisors LLC acquired a new position in iShares MSCI Emerging Markets ETF during the 3rd quarter valued at approximately $68,571,000. Fifth Third Bancorp increased its stake in 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 purchasing an additional 735,539 shares in the last quarter. Finally, Gradient Investments LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF in the third quarter worth $45,301,000. 81.39% of the stock is owned by hedge funds and other institutional investors.
iShares MSCI Emerging Markets ETF Trading Down 2.9%
NYSEARCA EEM opened at $61.72 on Friday. iShares MSCI Emerging Markets ETF has a 12-month low of $52.38 and a 12-month high of $71.57. The company has a fifty day simple moving average of $66.66 and a two-hundred day simple moving average of $65.90. The stock has a market cap of $28.61 billion, a P/E 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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