Sei Investments Co. Raises Stake in iShares MSCI Emerging Markets ETF $EEM

Sei Investments Co. increased its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 10.8% during the 1st quarter, HoldingsChannel reports. The fund owned 414,646 shares of the exchange traded fund’s stock after buying an additional 40,544 shares during the period. Sei Investments Co.’s holdings in iShares MSCI Emerging Markets ETF were worth $23,548,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MidAtlantic Capital Management Inc. bought a new stake in shares of iShares MSCI Emerging Markets ETF in the 4th quarter worth approximately $25,000. Hilton Head Capital Partners LLC purchased a new position in iShares MSCI Emerging Markets ETF during the fourth quarter valued at $25,000. Merkkuri Wealth Advisors LLC purchased a new position in iShares MSCI Emerging Markets ETF during the first quarter valued at $27,000. BTG Pactual Asset Management US LLC boosted its holdings in iShares MSCI Emerging Markets ETF by 101.3% in the third 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 in the last quarter. Finally, Elevated Capital Advisors LLC bought a new stake in iShares MSCI Emerging Markets ETF in the fourth quarter worth $31,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Down 2.0%

NYSEARCA EEM opened at $62.36 on Wednesday. iShares MSCI Emerging Markets ETF has a 12 month low of $47.98 and a 12 month high of $71.57. The stock has a market cap of $28.03 billion, a P/E ratio of 14.46 and a beta of 0.72. The stock’s fifty day moving average price is $66.81 and its 200-day moving average price is $62.65.

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.