Turn8 Private Wealth Inc. Invests $2.56 Million in iShares MSCI Emerging Markets ETF $EEM

Turn8 Private Wealth Inc. purchased a new stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 45,000 shares of the exchange traded fund’s stock, valued at approximately $2,556,000.

Several other hedge funds have also made changes to their positions in the company. Hsbc Holdings PLC increased its position in iShares MSCI Emerging Markets ETF by 74.9% during the fourth quarter. Hsbc Holdings PLC now owns 6,591,631 shares of the exchange traded fund’s stock worth $360,596,000 after acquiring an additional 2,823,265 shares during the period. National Bank of Canada FI raised its holdings in shares of iShares MSCI Emerging Markets ETF by 21,534.1% in the 3rd quarter. National Bank of Canada FI now owns 1,979,092 shares of the exchange traded fund’s stock worth $105,689,000 after buying an additional 1,969,944 shares in the last quarter. Duquesne Family Office LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF during the third quarter worth approximately $101,460,000. MKP Capital Management L.L.C. acquired a new position in iShares MSCI Emerging Markets ETF in the fourth quarter valued at approximately $90,983,000. Finally, SPX Gestao de Recursos Ltda lifted its holdings in iShares MSCI Emerging Markets ETF by 1,133.3% in the third quarter. SPX Gestao de Recursos Ltda now owns 1,480,000 shares of the exchange traded fund’s stock valued at $79,032,000 after buying an additional 1,360,000 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

Shares of EEM stock opened at $65.70 on Friday. iShares MSCI Emerging Markets ETF has a 52-week low of $47.96 and a 52-week high of $71.57. The stock has a market cap of $29.09 billion, a PE ratio of 14.46 and a beta of 0.72. The firm’s 50 day moving average price is $66.92 and its two-hundred day moving average price is $61.38.

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). 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.