Easterly Investment Partners LLC lowered its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) by 33.2% in the first quarter, Holdings Channel.com reports. The institutional investor owned 9,408 shares of the exchange traded fund’s stock after selling 4,686 shares during the quarter. Easterly Investment Partners LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $411,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in shares of iShares MSCI Emerging Markets ETF by 1,724.2% in the 4th quarter. JPMorgan Chase & Co. now owns 7,426,742 shares of the exchange traded fund’s stock worth $310,586,000 after purchasing an additional 7,883,989 shares during the last quarter. TD Asset Management Inc. lifted its position in shares of iShares MSCI Emerging Markets ETF by 4.9% during the 4th quarter. TD Asset Management Inc. now owns 4,423,372 shares of the exchange traded fund’s stock worth $184,985,000 after buying an additional 207,719 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of iShares MSCI Emerging Markets ETF by 4,632.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,272,659 shares of the exchange traded fund’s stock valued at $136,863,000 after acquiring an additional 3,203,501 shares during the last quarter. Lazard Asset Management LLC raised its position in shares of iShares MSCI Emerging Markets ETF by 233.0% in the 4th quarter. Lazard Asset Management LLC now owns 2,738,713 shares of the exchange traded fund’s stock worth $114,532,000 after acquiring an additional 1,916,377 shares in the last quarter. Finally, LPL Financial LLC increased its holdings in iShares MSCI Emerging Markets ETF by 14.8% during the 4th quarter. LPL Financial LLC now owns 2,431,417 shares of the exchange traded fund’s stock worth $101,682,000 after purchasing an additional 312,551 shares in the last quarter. Institutional investors and hedge funds own 81.39% of the company’s stock.
iShares MSCI Emerging Markets ETF Price Performance
NYSEARCA:EEM opened at $49.19 on Friday. The company has a market cap of $18.70 billion, a P/E ratio of 14.46 and a beta of 0.74. The stock’s fifty day moving average price is $47.15 and its two-hundred day moving average price is $44.49. iShares MSCI Emerging Markets ETF has a 1 year low of $38.19 and a 1 year high of $49.36.
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).
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