TCTC Holdings LLC Boosts Position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

TCTC Holdings LLC boosted its position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 2.1% in the first quarter, Holdings Channel reports. The fund owned 163,298 shares of the exchange traded fund’s stock after purchasing an additional 3,393 shares during the quarter. TCTC Holdings LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $7,136,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in iShares MSCI Emerging Markets ETF by 1,724.2% during the fourth quarter. JPMorgan Chase & Co. now owns 7,426,742 shares of the exchange traded fund’s stock valued at $310,586,000 after acquiring an additional 7,883,989 shares during the last quarter. TD Asset Management Inc grew its holdings in iShares MSCI Emerging Markets ETF by 13.0% during the first quarter. TD Asset Management Inc now owns 4,999,304 shares of the exchange traded fund’s stock valued at $218,470,000 after purchasing an additional 575,932 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in iShares MSCI Emerging Markets ETF by 4,632.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,272,659 shares of the exchange traded fund’s stock valued at $136,863,000 after purchasing an additional 3,203,501 shares during the period. Lazard Asset Management LLC grew its holdings in iShares MSCI Emerging Markets ETF by 233.0% during the fourth quarter. Lazard Asset Management LLC now owns 2,738,713 shares of the exchange traded fund’s stock valued at $114,532,000 after purchasing an additional 1,916,377 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in iShares MSCI Emerging Markets ETF by 1.3% during the first quarter. Envestnet Asset Management Inc. now owns 2,290,688 shares of the exchange traded fund’s stock valued at $100,103,000 after purchasing an additional 28,793 shares during the period. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

NYSEARCA:EEM opened at $49.18 on Tuesday. The stock has a 50-day simple moving average of $47.64 and a two-hundred day simple moving average of $44.90. iShares MSCI Emerging Markets ETF has a 52-week low of $38.19 and a 52-week high of $49.96. The firm has a market capitalization of $18.70 billion, a PE ratio of 14.46 and a beta of 0.74.

iShares MSCI Emerging Markets ETF 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).