Contravisory Investment Management Inc. acquired a new stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 33,653 shares of the exchange traded fund’s stock, valued at approximately $2,248,000.
Other hedge funds have also recently bought and sold shares of the company. Merkkuri Wealth Advisors LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF during the first quarter worth $27,000. MidFirst Bank bought a new stake in shares of iShares MSCI Emerging Markets ETF in the 4th quarter valued at about $31,000. Windsor Advisory Group LLC bought a new stake in iShares MSCI Emerging Markets ETF in the fourth quarter valued at approximately $32,000. SHP Wealth Management bought a new stake in iShares MSCI Emerging Markets ETF in the 4th quarter valued at $35,000. Finally, CrossGen Wealth LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF during the 1st quarter worth about $35,000. 81.39% of the stock is currently owned by institutional investors and hedge funds.
iShares MSCI Emerging Markets ETF Stock Down 0.6%
Shares of NYSEARCA EEM traded down $0.41 during mid-day trading on Tuesday, reaching $65.74. 21,414,722 shares of the company were exchanged, compared to its average volume of 31,324,922. The stock has a market capitalization of $30.47 billion, a P/E ratio of 14.46 and a beta of 0.74. iShares MSCI Emerging Markets ETF has a twelve month low of $52.38 and a twelve month high of $71.57. The company’s 50-day simple moving average is $67.00 and its 200-day simple moving average is $65.55.
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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