Greenleaf Trust bought a new stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,253,533 shares of the exchange traded fund’s stock, valued at approximately $83,723,000. iShares MSCI Emerging Markets ETF comprises approximately 0.9% of Greenleaf Trust’s investment portfolio, making the stock its 17th largest position.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its stake in shares of 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 buying an additional 6,929,284 shares in the last quarter. Board of Trustees of The Leland Stanford Junior University grew its position 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 buying an additional 4,577,226 shares during the last quarter. Halbert Hargrove Global Advisors LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF during the third quarter valued at about $68,571,000. Fifth Third Bancorp boosted its holdings 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. Finally, Gradient Investments LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF in the 3rd quarter worth about $45,301,000. 81.39% of the stock is currently owned by hedge funds and other institutional investors.
iShares MSCI Emerging Markets ETF Price Performance
iShares MSCI Emerging Markets ETF stock opened at $61.04 on Monday. The company has a market cap of $28.29 billion, a PE ratio of 14.46 and a beta of 0.74. The company’s 50-day moving average price is $66.11 and its 200-day moving average price is $63.82. iShares MSCI Emerging Markets ETF has a twelve month low of $52.38 and a twelve month high of $71.57.
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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