J. Safra Sarasin Holding AG Acquires 27,639 Shares of iShares MSCI Emerging Markets ETF $EEM

J. Safra Sarasin Holding AG boosted its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 186.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 42,446 shares of the exchange traded fund’s stock after acquiring an additional 27,639 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in iShares MSCI Emerging Markets ETF were worth $2,322,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. RiverTree Advisors LLC acquired a new position in iShares MSCI Emerging Markets ETF during the fourth quarter worth about $796,000. Private Advisory Group LLC bought a new position in shares of iShares MSCI Emerging Markets ETF in the fourth quarter worth about $1,878,000. Greenfield FTC Inc. acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the 4th quarter valued at approximately $43,076,000. Praetorian Wealth Management Inc. acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the 4th quarter valued at approximately $269,000. Finally, Redhawk Wealth Advisors Inc. grew its holdings in shares of iShares MSCI Emerging Markets ETF by 3.2% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 156,285 shares of the exchange traded fund’s stock valued at $8,550,000 after purchasing an additional 4,860 shares during the last quarter. Institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

EEM stock opened at $56.79 on Wednesday. The company has a 50 day simple moving average of $59.22 and a 200 day simple moving average of $56.25. The stock has a market cap of $25.89 billion, a price-to-earnings ratio of 14.46 and a beta of 0.64. iShares MSCI Emerging Markets ETF has a 1 year low of $38.19 and a 1 year 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.