Burke & Herbert Bank & Trust Co. lessened its position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) by 55.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,064 shares of the exchange traded fund’s stock after selling 57,752 shares during the period. Burke & Herbert Bank & Trust Co.’s holdings in iShares MSCI Emerging Markets ETF were worth $3,143,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the company. Bank of America Corp DE boosted its position in 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 grew its stake in 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. grew its stake 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 worth $261,864,000 after acquiring an additional 189,366 shares during the period. Envestnet Asset Management Inc. grew its stake 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 worth $185,008,000 after acquiring an additional 228,966 shares during the period. Finally, ARGA Investment Management LP acquired a new position in iShares MSCI Emerging Markets ETF in the 3rd quarter valued at $147,155,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.
iShares MSCI Emerging Markets ETF Stock Performance
Shares of EEM opened at $58.05 on Friday. iShares MSCI Emerging Markets ETF has a fifty-two week low of $52.38 and a fifty-two week high of $71.57. The company has a market capitalization of $26.91 billion, a PE ratio of 14.46 and a beta of 0.77. The stock has a fifty day moving average of $65.60 and a two-hundred day moving average of $63.87.
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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