Grove Bank & Trust grew its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) by 10.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 98,705 shares of the exchange traded fund’s stock after buying an additional 9,632 shares during the quarter. Grove Bank & Trust’s holdings in iShares MSCI Emerging Markets ETF were worth $5,271,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Tompkins Financial Corp bought a new stake in iShares MSCI Emerging Markets ETF in the second quarter valued at $26,000. Maseco LLP bought a new stake in shares of iShares MSCI Emerging Markets ETF during the 2nd quarter valued at about $27,000. Traub Capital Management LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF during the second quarter valued at about $34,000. Hemington Wealth Management purchased a new position in shares of iShares MSCI Emerging Markets ETF during the second quarter valued at about $34,000. Finally, Gladwyn Financial Advisors Inc. bought a new position in iShares MSCI Emerging Markets ETF in the second quarter worth about $35,000. 81.39% of the stock is owned by hedge funds and other institutional investors.
iShares MSCI Emerging Markets ETF Price Performance
Shares of EEM opened at $54.08 on Tuesday. The company has a 50-day simple moving average of $54.48 and a two-hundred day simple moving average of $51.33. The firm has a market capitalization of $20.56 billion, a PE ratio of 14.46 and a beta of 0.64. iShares MSCI Emerging Markets ETF has a one year low of $38.19 and a one year high of $56.31.
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).
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