iShares MSCI Emerging Markets ETF $EEM Shares Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. boosted its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 11.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 597,847 shares of the exchange traded fund’s stock after purchasing an additional 62,351 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares MSCI Emerging Markets ETF were worth $32,708,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Ilmarinen Mutual Pension Insurance Co raised its position in iShares MSCI Emerging Markets ETF by 350.2% during the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 840,469 shares of the exchange traded fund’s stock worth $45,982,000 after acquiring an additional 653,796 shares during the period. Savant Capital LLC raised its position in iShares MSCI Emerging Markets ETF by 1.8% during the fourth quarter. Savant Capital LLC now owns 97,985 shares of the exchange traded fund’s stock worth $5,361,000 after acquiring an additional 1,772 shares during the period. Moors & Cabot Inc. acquired a new position in iShares MSCI Emerging Markets ETF during the fourth quarter worth $200,000. Novak & Powell Financial Services Inc. raised its position in iShares MSCI Emerging Markets ETF by 85.7% during the fourth quarter. Novak & Powell Financial Services Inc. now owns 9,329 shares of the exchange traded fund’s stock worth $565,000 after acquiring an additional 4,304 shares during the period. Finally, Baker Avenue Asset Management LP raised its position in iShares MSCI Emerging Markets ETF by 1,321.1% during the fourth quarter. Baker Avenue Asset Management LP now owns 93,227 shares of the exchange traded fund’s stock worth $5,100,000 after acquiring an additional 86,667 shares during the period. 81.39% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Trading Down 0.0%

EEM stock opened at $68.60 on Friday. iShares MSCI Emerging Markets ETF has a 12-month low of $45.23 and a 12-month high of $69.11. The stock has a market cap of $30.38 billion, a price-to-earnings ratio of 14.46 and a beta of 0.71. The business’s 50-day moving average is $62.40 and its 200 day moving average is $59.01.

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.