Ninety One SA Pty Ltd Makes New $6.87 Million Investment in iShares MSCI Emerging Markets ETF $EEM

Ninety One SA Pty Ltd acquired a new stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 102,768 shares of the exchange traded fund’s stock, valued at approximately $6,873,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. XP Advisory US Inc. bought a new position in shares of iShares MSCI Emerging Markets ETF during the second quarter worth approximately $566,000. IFP Advisors Inc lifted its holdings in iShares MSCI Emerging Markets ETF by 233.9% during the 2nd quarter. IFP Advisors Inc now owns 103,859 shares of the exchange traded fund’s stock worth $7,105,000 after purchasing an additional 72,758 shares during the last quarter. First Heartland Consultants Inc. acquired a new stake in iShares MSCI Emerging Markets ETF during the 3rd quarter worth approximately $17,116,000. Independent Financial Group LLC acquired a new stake in iShares MSCI Emerging Markets ETF during the 1st quarter worth approximately $4,789,000. Finally, WealthCare Asset Management LLC bought a new stake in iShares MSCI Emerging Markets ETF in the 4th quarter valued at $2,286,000. 81.39% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Price Performance

EEM traded down $0.72 during trading on Thursday, hitting $63.67. The stock had a trading volume of 14,242,348 shares, compared to its average volume of 31,186,355. The company has a 50 day moving average price of $66.97 and a 200-day moving average price of $65.61. The firm has a market cap of $29.51 billion, a price-to-earnings ratio of 14.46 and a beta of 0.74. iShares MSCI Emerging Markets ETF has a one year low of $52.38 and a one year high of $71.57.

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.