First Interstate Bank lifted its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) by 41.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,618 shares of the exchange traded fund’s stock after purchasing an additional 17,051 shares during the period. First Interstate Bank’s holdings in iShares MSCI Emerging Markets ETF were worth $3,329,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently modified their holdings of EEM. MidAtlantic Capital Management Inc. acquired a new stake in iShares MSCI Emerging Markets ETF in the 4th quarter worth about $25,000. Hilton Head Capital Partners LLC purchased a new stake in iShares MSCI Emerging Markets ETF during the 4th quarter worth approximately $25,000. Merkkuri Wealth Advisors LLC acquired a new position in shares of iShares MSCI Emerging Markets ETF during the first quarter valued at approximately $27,000. BTG Pactual Asset Management US LLC raised its holdings in shares of iShares MSCI Emerging Markets ETF by 101.3% during the third quarter. BTG Pactual Asset Management US LLC now owns 571 shares of the exchange traded fund’s stock valued at $30,000 after acquiring an additional 46,071 shares during the last quarter. Finally, Elevated Capital Advisors LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF in the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 81.39% of the company’s stock.
iShares MSCI Emerging Markets ETF Price Performance
Shares of NYSEARCA:EEM opened at $66.23 on Thursday. The business’s 50 day moving average price is $67.11 and its 200-day moving average price is $61.71. The firm has a market capitalization of $29.33 billion, a PE ratio of 14.46 and a beta of 0.72. 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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