iShares MSCI Emerging Markets ETF $EEM Shares Newly Purchased by Arrow Investment Advisors LLC

Arrow Investment Advisors LLC purchased a new stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 78,667 shares of the exchange traded fund’s stock, valued at approximately $5,254,000. iShares MSCI Emerging Markets ETF makes up about 4.5% of Arrow Investment Advisors LLC’s portfolio, making the stock its 3rd biggest position.

Several other large investors also recently modified their holdings of EEM. Bank of America Corp DE increased its stake in shares of iShares MSCI Emerging Markets ETF by 22.8% during the first quarter. Bank of America Corp DE now owns 37,337,990 shares of the exchange traded fund’s stock worth $2,120,424,000 after purchasing an additional 6,929,284 shares during the period. Board of Trustees of The Leland Stanford Junior University increased its position in iShares MSCI Emerging Markets ETF by 102.7% during the first quarter. Board of Trustees of The Leland Stanford Junior University now owns 9,035,926 shares of the exchange traded fund’s stock valued at $513,150,000 after acquiring an additional 4,577,226 shares during the last quarter. PNC Financial Services Group Inc. raised its position in iShares MSCI Emerging Markets ETF by 4.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,611,088 shares of the exchange traded fund’s stock worth $261,864,000 after buying an additional 189,366 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in iShares MSCI Emerging Markets ETF by 9.2% in the second quarter. Envestnet Asset Management Inc. now owns 2,704,404 shares of the exchange traded fund’s stock valued at $185,008,000 after buying an additional 228,966 shares during the last quarter. Finally, ARGA Investment Management LP acquired a new stake in shares of iShares MSCI Emerging Markets ETF during the third quarter worth about $147,155,000. 81.39% of the stock is currently owned by institutional investors.

iShares MSCI Emerging Markets ETF Trading Up 2.2%

Shares of NYSEARCA EEM opened at $59.33 on Friday. The company has a market capitalization of $27.50 billion, a price-to-earnings ratio of 14.46 and a beta of 0.77. The business has a 50 day simple moving average of $65.43 and a 200-day simple moving average of $63.88. iShares MSCI Emerging Markets ETF has a twelve month low of $52.38 and a twelve month 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.