Washington Trust Bank Raises Holdings in iShares MSCI Emerging Markets ETF $EEM

Washington Trust Bank increased its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 55.1% during the 3rd quarter, Holdings Channel reports. The fund owned 98,845 shares of the exchange traded fund’s stock after purchasing an additional 35,108 shares during the quarter. Washington Trust Bank’s holdings in iShares MSCI Emerging Markets ETF were worth $5,278,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in shares of iShares MSCI Emerging Markets ETF by 11.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 12,043,203 shares of the exchange traded fund’s stock valued at $580,964,000 after purchasing an additional 1,256,608 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in iShares MSCI Emerging Markets ETF by 212.1% in the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 4,634,821 shares of the exchange traded fund’s stock valued at $223,062,000 after buying an additional 3,149,813 shares in the last quarter. Corient Private Wealth LLC increased its holdings in shares of iShares MSCI Emerging Markets ETF by 206.0% during the 2nd quarter. Corient Private Wealth LLC now owns 3,240,329 shares of the exchange traded fund’s stock worth $156,313,000 after buying an additional 2,181,269 shares during the last quarter. Bank of Nova Scotia increased its position in shares of iShares MSCI Emerging Markets ETF by 314.6% during the 2nd quarter. Bank of Nova Scotia now owns 2,240,422 shares of the exchange traded fund’s stock worth $108,078,000 after purchasing an additional 1,700,100 shares during the last quarter. Finally, Invesco Ltd. purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the 2nd quarter valued at approximately $100,644,000. 81.39% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Trading Up 0.5%

EEM opened at $57.14 on Friday. The firm has a market cap of $22.60 billion, a price-to-earnings ratio of 14.46 and a beta of 0.64. The stock’s 50-day moving average price is $54.68 and its 200 day moving average price is $52.38. iShares MSCI Emerging Markets ETF has a 12-month low of $38.19 and a 12-month high of $57.43.

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.