Wealthfront Advisers LLC purchased a new position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 29,031 shares of the exchange traded fund’s stock, valued at approximately $1,214,000.
Several other institutional investors and hedge funds have also bought and sold shares of EEM. DRW Securities LLC boosted its stake in shares of iShares MSCI Emerging Markets ETF by 603.8% in the third quarter. DRW Securities LLC now owns 2,732,449 shares of the exchange traded fund’s stock worth $125,310,000 after buying an additional 2,344,192 shares during the last quarter. SPX Gestao de Recursos Ltda acquired a new stake in shares of iShares MSCI Emerging Markets ETF during the 3rd quarter worth approximately $105,980,000. Raymond James Financial Inc. purchased a new position in shares of iShares MSCI Emerging Markets ETF during the 4th quarter valued at approximately $67,244,000. Erste Asset Management GmbH acquired a new position in shares of iShares MSCI Emerging Markets ETF in the 3rd quarter valued at $29,856,000. Finally, Flow Traders U.S. LLC purchased a new stake in iShares MSCI Emerging Markets ETF during the third quarter worth $17,112,000. 81.39% of the stock is currently owned by institutional investors and hedge funds.
iShares MSCI Emerging Markets ETF Stock Performance
EEM opened at $44.58 on Friday. The company has a fifty day moving average of $43.19 and a two-hundred day moving average of $43.72. The stock has a market capitalization of $16.89 billion, a price-to-earnings ratio of 14.88 and a beta of 0.72. iShares MSCI Emerging Markets ETF has a fifty-two week low of $39.39 and a fifty-two week high of $47.44.
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).
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