Ninety One North America Inc. Increases Stock Position in iShares MSCI Emerging Markets ETF $EEM

Ninety One North America Inc. increased its position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 23.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 186,696 shares of the exchange traded fund’s stock after purchasing an additional 35,835 shares during the period. Ninety One North America Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $10,214,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc raised its holdings in iShares MSCI Emerging Markets ETF by 369.7% in the 3rd quarter. Versant Capital Management Inc now owns 465 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 366 shares during the last quarter. BTG Pactual Asset Management US LLC raised its holdings in iShares MSCI Emerging Markets ETF by 101.3% in the 3rd quarter. BTG Pactual Asset Management US LLC now owns 571 shares of the exchange traded fund’s stock worth $30,000 after acquiring an additional 46,071 shares during the last quarter. Richardson Capital Management LLC purchased a new position in iShares MSCI Emerging Markets ETF in the 3rd quarter worth approximately $33,000. Accredited Wealth Management LLC raised its holdings in iShares MSCI Emerging Markets ETF by 42.7% in the 3rd quarter. Accredited Wealth Management LLC now owns 688 shares of the exchange traded fund’s stock worth $37,000 after acquiring an additional 206 shares during the last quarter. Finally, Painted Porch Advisors LLC purchased a new position in iShares MSCI Emerging Markets ETF in the 3rd quarter worth approximately $37,000. 81.39% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Stock Up 1.9%

Shares of NYSEARCA EEM opened at $63.64 on Friday. The firm has a market cap of $28.18 billion, a P/E ratio of 14.46 and a beta of 0.66. The company has a 50 day moving average of $59.34 and a 200 day moving average of $56.82. iShares MSCI Emerging Markets ETF has a twelve month low of $41.61 and a twelve month high of $65.96.

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). 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.