33,653 Shares in iShares MSCI Emerging Markets ETF $EEM Purchased by Contravisory Investment Management Inc.

Contravisory Investment Management Inc. purchased a new position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 33,653 shares of the exchange traded fund’s stock, valued at approximately $2,248,000.

A number of other hedge funds have also added to or reduced their stakes in EEM. Bank of America Corp DE increased its stake in shares of iShares MSCI Emerging Markets ETF by 22.8% in the 1st quarter. Bank of America Corp DE now owns 37,337,990 shares of the exchange traded fund’s stock valued at $2,120,424,000 after purchasing an additional 6,929,284 shares during the last quarter. Board of Trustees of The Leland Stanford Junior University raised its stake in shares of iShares MSCI Emerging Markets ETF by 102.7% during the first quarter. Board of Trustees of The Leland Stanford Junior University now owns 9,035,926 shares of the exchange traded fund’s stock valued at $513,150,000 after acquiring an additional 4,577,226 shares during the last quarter. Hsbc Holdings PLC increased its holdings in iShares MSCI Emerging Markets ETF by 74.9% in the fourth quarter. Hsbc Holdings PLC now owns 6,591,631 shares of the exchange traded fund’s stock valued at $360,596,000 after purchasing an additional 2,823,265 shares during the period. PNC Financial Services Group Inc. raised its position in iShares MSCI Emerging Markets ETF by 4.3% during 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 purchasing an additional 189,366 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in iShares MSCI Emerging Markets ETF by 9.2% during 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 purchasing an additional 228,966 shares during the last quarter. 81.39% of the stock is owned by institutional investors.

iShares MSCI Emerging Markets ETF Stock Down 0.6%

EEM traded down $0.41 during midday trading on Tuesday, hitting $65.74. 21,414,722 shares of the company were exchanged, compared to its average volume of 31,324,922. The firm has a market capitalization of $30.47 billion, a P/E ratio of 14.46 and a beta of 0.74. iShares MSCI Emerging Markets ETF has a 1-year low of $52.38 and a 1-year high of $71.57. The firm’s 50 day moving average price is $67.00 and its 200-day moving average price is $65.55.

About iShares MSCI Emerging Markets ETF

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.