9,131,302 Shares of iShares MSCI Emerging Markets ETF $EEM Acquired by Retirement Systems of Alabama

Retirement Systems of Alabama purchased a new stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 9,131,302 shares of the exchange traded fund’s stock, valued at approximately $609,880,000. iShares MSCI Emerging Markets ETF accounts for 1.7% of Retirement Systems of Alabama’s investment portfolio, making the stock its 8th biggest holding. Retirement Systems of Alabama owned about 1.97% of iShares MSCI Emerging Markets ETF as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. XP Advisory US Inc. bought a new stake in shares of iShares MSCI Emerging Markets ETF during the second quarter valued at about $566,000. IFP Advisors Inc grew its position in iShares MSCI Emerging Markets ETF by 233.9% in the 2nd quarter. IFP Advisors Inc now owns 103,859 shares of the exchange traded fund’s stock valued at $7,105,000 after buying an additional 72,758 shares in the last quarter. First Heartland Consultants Inc. bought a new position in iShares MSCI Emerging Markets ETF in the 3rd quarter valued at about $17,116,000. Heritage Investors Management Corp bought a new position in iShares MSCI Emerging Markets ETF in the 3rd quarter valued at about $2,322,000. Finally, Buska Wealth Management LLC increased its stake in iShares MSCI Emerging Markets ETF by 77.9% during the 3rd quarter. Buska Wealth Management LLC now owns 74,384 shares of the exchange traded fund’s stock valued at $4,968,000 after buying an additional 32,561 shares during the period. Institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Up 2.9%

EEM stock opened at $61.03 on Tuesday. iShares MSCI Emerging Markets ETF has a 52 week low of $52.38 and a 52 week high of $71.57. The company has a market capitalization of $28.29 billion, a price-to-earnings ratio of 14.46 and a beta of 0.77. The firm’s 50-day moving average is $65.31 and its two-hundred day moving average is $63.89.

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.