Penobscot Investment Management Company Inc. raised its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) by 3.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,948 shares of the exchange traded fund’s stock after purchasing an additional 985 shares during the period. Penobscot Investment Management Company Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $1,484,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Pillar Financial Advisors LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the fourth quarter valued at about $28,000. Elequin Capital LP acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the fourth quarter valued at about $28,000. Navigoe LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the fourth quarter valued at about $30,000. Golden State Wealth Management LLC raised its position in shares of iShares MSCI Emerging Markets ETF by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 704 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 352 shares during the last quarter. Finally, Copia Wealth Management acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the fourth quarter valued at about $33,000. 81.39% of the stock is owned by hedge funds and other institutional investors.
iShares MSCI Emerging Markets ETF Stock Up 0.1%
Shares of NYSEARCA EEM opened at $47.96 on Thursday. The firm has a 50-day simple moving average of $45.60 and a 200-day simple moving average of $43.89. The stock has a market capitalization of $18.24 billion, a price-to-earnings ratio of 14.46 and a beta of 0.62. iShares MSCI Emerging Markets ETF has a 52 week low of $38.19 and a 52 week high of $48.18.
About iShares MSCI Emerging Markets ETF
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).
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