Cullen Frost Bankers Inc. Has $14.65 Million Stock Position in iShares MSCI Emerging Markets ETF $EEM

Cullen Frost Bankers Inc. raised its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 12.7% in the fourth quarter, Holdings Channel reports. The fund owned 267,742 shares of the exchange traded fund’s stock after purchasing an additional 30,269 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $14,648,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Asempa Wealth Advisors bought a new position in iShares MSCI Emerging Markets ETF during the 4th quarter worth $593,000. Bradley Foster & Sargent Inc. CT grew its position in shares of iShares MSCI Emerging Markets ETF by 59.0% in the 3rd quarter. Bradley Foster & Sargent Inc. CT now owns 52,345 shares of the exchange traded fund’s stock valued at $2,795,000 after buying an additional 19,432 shares during the last quarter. Vawter Financial Ltd. acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the third quarter valued at about $444,000. Allium Financial Advisors LLC raised its position in shares of iShares MSCI Emerging Markets ETF by 35.3% during the third quarter. Allium Financial Advisors LLC now owns 111,066 shares of the exchange traded fund’s stock worth $5,931,000 after acquiring an additional 28,998 shares during the last quarter. Finally, Capital Advisors Inc. OK acquired a new position in shares of iShares MSCI Emerging Markets ETF in the fourth quarter worth approximately $641,000. 81.39% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of NYSEARCA EEM opened at $65.46 on Thursday. The company has a market capitalization of $28.99 billion, a P/E ratio of 14.46 and a beta of 0.71. iShares MSCI Emerging Markets ETF has a 52-week low of $45.23 and a 52-week high of $68.15. The company’s 50 day moving average price is $61.08 and its 200-day moving average price is $58.42.

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.