Westport Asset Management Inc. Purchases Shares of 100,000 iShares MSCI Emerging Markets ETF $EEM

Westport Asset Management Inc. acquired a new position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 100,000 shares of the exchange traded fund’s stock, valued at approximately $6,841,000. iShares MSCI Emerging Markets ETF accounts for approximately 2.8% of Westport Asset Management Inc.’s portfolio, making the stock its 12th biggest position.

Other hedge funds also recently modified their holdings of the company. MidAtlantic Capital Management Inc. bought a new stake in shares of iShares MSCI Emerging Markets ETF during the fourth quarter valued at approximately $25,000. Hilton Head Capital Partners LLC acquired a new position in shares of iShares MSCI Emerging Markets ETF in the fourth quarter valued at $25,000. Merkkuri Wealth Advisors LLC bought a new position in iShares MSCI Emerging Markets ETF in the first quarter worth $27,000. Jessup Wealth Management Inc bought a new position in iShares MSCI Emerging Markets ETF in the fourth quarter worth $31,000. Finally, MidFirst Bank bought a new position in iShares MSCI Emerging Markets ETF in the fourth quarter worth $31,000. Institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

EEM opened at $66.11 on Thursday. The company has a market capitalization of $29.72 billion, a P/E ratio of 14.46 and a beta of 0.74. The firm’s fifty day moving average price is $66.14 and its two-hundred day moving average price is $63.42. iShares MSCI Emerging Markets ETF has a fifty-two week low of $49.35 and a fifty-two week high of $71.57.

iShares MSCI Emerging Markets ETF Company 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.