Hyundai Investments Co. Ltd. acquired a new position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 7,377 shares of the exchange traded fund’s stock, valued at approximately $405,000.
A number of other institutional investors have also added to or reduced their stakes in EEM. Brighton Jones LLC increased its position in iShares MSCI Emerging Markets ETF by 1.7% during the 4th quarter. Brighton Jones LLC now owns 118,587 shares of the exchange traded fund’s stock worth $4,959,000 after purchasing an additional 1,940 shares in the last quarter. AQR Capital Management LLC increased its position in iShares MSCI Emerging Markets ETF by 13.3% during the 1st quarter. AQR Capital Management LLC now owns 80,248 shares of the exchange traded fund’s stock worth $3,507,000 after purchasing an additional 9,437 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in iShares MSCI Emerging Markets ETF during the 2nd quarter worth approximately $3,957,000. Gamco Investors INC. ET AL acquired a new position in iShares MSCI Emerging Markets ETF during the 2nd quarter worth approximately $462,000. Finally, Quantinno Capital Management LP increased its position in iShares MSCI Emerging Markets ETF by 3.1% during the 2nd quarter. Quantinno Capital Management LP now owns 43,885 shares of the exchange traded fund’s stock worth $2,117,000 after purchasing an additional 1,320 shares in the last quarter. 81.39% of the stock is currently owned by institutional investors and hedge funds.
iShares MSCI Emerging Markets ETF Price Performance
EEM stock opened at $69.75 on Tuesday. The company has a 50 day simple moving average of $64.90 and a 200 day simple moving average of $60.08. The stock has a market cap of $30.89 billion, a price-to-earnings ratio of 14.46 and a beta of 0.73. iShares MSCI Emerging Markets ETF has a 1 year low of $46.15 and a 1 year high of $70.86.
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.
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