Calamos Wealth Management LLC purchased a new position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 91,728 shares of the exchange traded fund’s stock, valued at approximately $6,127,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of EEM. Bank of America Corp DE boosted its position in 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 acquiring an additional 6,929,284 shares during the last quarter. Board of Trustees of The Leland Stanford Junior University raised its holdings in iShares MSCI Emerging Markets ETF by 102.7% in the 1st 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 holdings in iShares MSCI Emerging Markets ETF by 4.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,611,088 shares of the exchange traded fund’s stock valued at $261,864,000 after acquiring an additional 189,366 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in iShares MSCI Emerging Markets ETF by 9.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,704,404 shares of the exchange traded fund’s stock worth $185,008,000 after purchasing an additional 228,966 shares in the last quarter. Finally, ARGA Investment Management LP purchased a new position in iShares MSCI Emerging Markets ETF in the 3rd quarter worth approximately $147,155,000. 81.39% of the stock is owned by hedge funds and other institutional investors.
iShares MSCI Emerging Markets ETF Stock Up 2.2%
Shares of iShares MSCI Emerging Markets ETF stock traded up $1.28 on Friday, hitting $59.33. 41,694,298 shares of the company were exchanged, compared to its average volume of 30,996,605. The stock has a market capitalization of $27.50 billion, a price-to-earnings ratio of 14.46 and a beta of 0.77. The company has a 50-day moving average price of $65.43 and a 200 day moving average price of $63.88. iShares MSCI Emerging Markets ETF has a 1-year low of $52.38 and a 1-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.
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