Sumitomo Mitsui Financial Group Inc. Grows Position in iShares MSCI Emerging Markets ETF $EEM

Sumitomo Mitsui Financial Group Inc. raised its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 4.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,876 shares of the exchange traded fund’s stock after acquiring an additional 2,037 shares during the period. Sumitomo Mitsui Financial Group Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $2,310,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Tompkins Financial Corp purchased a new position in iShares MSCI Emerging Markets ETF during the second quarter worth about $26,000. Maseco LLP purchased a new stake in iShares MSCI Emerging Markets ETF in the 2nd quarter valued at about $27,000. Traub Capital Management LLC bought a new position in shares of iShares MSCI Emerging Markets ETF during the 2nd quarter worth approximately $34,000. Hemington Wealth Management purchased a new position in shares of iShares MSCI Emerging Markets ETF in the 2nd quarter worth approximately $34,000. Finally, Gladwyn Financial Advisors Inc. bought a new position in shares of iShares MSCI Emerging Markets ETF in the second quarter valued at approximately $35,000. Institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Up 0.7%

EEM stock opened at $54.24 on Thursday. The stock has a market cap of $20.62 billion, a P/E ratio of 14.46 and a beta of 0.64. The stock’s fifty day simple moving average is $54.21 and its two-hundred day simple moving average is $50.54. iShares MSCI Emerging Markets ETF has a 1-year low of $38.19 and a 1-year high of $56.31.

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).