Winthrop Partners WNY LLC bought a new stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 10,037 shares of the exchange traded fund’s stock, valued at approximately $549,000.
Other hedge funds have also modified their holdings of the company. MidAtlantic Capital Management Inc. acquired a new stake in iShares MSCI Emerging Markets ETF in the fourth quarter valued at approximately $25,000. Hilton Head Capital Partners LLC acquired a new position in shares of iShares MSCI Emerging Markets ETF during the fourth quarter worth $25,000. BTG Pactual Asset Management US LLC lifted its position in shares of iShares MSCI Emerging Markets ETF by 101.3% during the third quarter. BTG Pactual Asset Management US LLC now owns 571 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 46,071 shares in the last quarter. Elevated Capital Advisors LLC acquired a new position in shares of iShares MSCI Emerging Markets ETF during the fourth quarter worth $31,000. Finally, MidFirst Bank purchased a new position in shares of iShares MSCI Emerging Markets ETF in the fourth quarter valued at $31,000. 81.39% of the stock is currently owned by hedge funds and other institutional investors.
iShares MSCI Emerging Markets ETF Stock Performance
EEM opened at $70.79 on Friday. The company has a fifty day simple moving average of $65.85 and a 200 day simple moving average of $60.47. The firm has a market cap of $31.35 billion, a price-to-earnings ratio of 14.46 and a beta of 0.73. iShares MSCI Emerging Markets ETF has a twelve month low of $46.15 and a twelve month high of $70.92.
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.
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