Jacksonville Wealth Management LLC increased its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) by 16.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 65,415 shares of the exchange traded fund’s stock after purchasing an additional 9,285 shares during the period. iShares MSCI Emerging Markets ETF accounts for 2.3% of Jacksonville Wealth Management LLC’s portfolio, making the stock its 12th largest position. Jacksonville Wealth Management LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $4,369,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE grew its position in shares of iShares MSCI Emerging Markets ETF by 22.8% during the first 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 acquiring an additional 6,929,284 shares during the last quarter. Board of Trustees of The Leland Stanford Junior University increased its holdings 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 acquiring an additional 4,577,226 shares during the period. PNC Financial Services Group Inc. lifted its position in iShares MSCI Emerging Markets ETF by 4.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,611,088 shares of the exchange traded fund’s stock valued at $261,864,000 after purchasing an additional 189,366 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in iShares MSCI Emerging Markets ETF by 9.2% in the 2nd 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 during the last quarter. Finally, ARGA Investment Management LP acquired a new position in iShares MSCI Emerging Markets ETF during the 3rd quarter valued at about $147,155,000. 81.39% of the stock is currently owned by institutional investors.
iShares MSCI Emerging Markets ETF Trading Up 0.9%
NYSEARCA EEM opened at $61.62 on Thursday. iShares MSCI Emerging Markets ETF has a 52 week low of $52.38 and a 52 week high of $71.57. The stock has a market cap of $28.56 billion, a price-to-earnings ratio of 14.46 and a beta of 0.77. The company has a 50-day moving average price of $65.78 and a two-hundred day moving average price of $63.87.
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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