17,079 Shares in iShares MSCI Emerging Markets ETF $EEM Bought by Fortitude Financial LLC

Fortitude Financial LLC bought a new stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 17,079 shares of the exchange traded fund’s stock, valued at approximately $1,134,000. iShares MSCI Emerging Markets ETF comprises approximately 0.5% of Fortitude Financial LLC’s holdings, making the stock its 22nd largest position.

Several other institutional investors also recently modified their holdings of the business. Bank of America Corp DE increased its position 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 valued at $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 lifted its holdings 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 worth $513,150,000 after acquiring an additional 4,577,226 shares during the period. PNC Financial Services Group Inc. lifted its holdings in iShares MSCI Emerging Markets ETF by 4.3% during the first quarter. PNC Financial Services Group Inc. now owns 4,611,088 shares of the exchange traded fund’s stock worth $261,864,000 after acquiring an additional 189,366 shares during the period. Envestnet Asset Management Inc. lifted its holdings in iShares MSCI Emerging Markets ETF by 9.2% during the second quarter. Envestnet Asset Management Inc. now owns 2,704,404 shares of the exchange traded fund’s stock worth $185,008,000 after acquiring an additional 228,966 shares during the period. Finally, Fifth Third Bancorp boosted its position in iShares MSCI Emerging Markets ETF by 103.3% in the first quarter. Fifth Third Bancorp now owns 1,447,782 shares of the exchange traded fund’s stock worth $82,220,000 after purchasing an additional 735,539 shares during the last quarter. 81.39% of the stock is owned by institutional investors.

iShares MSCI Emerging Markets ETF Stock Up 0.7%

EEM stock traded up $0.46 during midday trading on Monday, hitting $63.31. The company’s stock had a trading volume of 22,046,290 shares, compared to its average volume of 31,188,592. The stock’s 50-day moving average price is $66.89 and its 200 day moving average price is $65.73. iShares MSCI Emerging Markets ETF has a 1 year low of $52.38 and a 1 year high of $71.57. The stock has a market cap of $29.34 billion, a price-to-earnings ratio of 14.46 and a beta of 0.74.

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.