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

Sumitomo Mitsui Trust Group Inc. lifted its position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 8.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 220,496 shares of the exchange traded fund’s stock after purchasing an additional 16,933 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $11,774,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Maseco LLP purchased a new position in iShares MSCI Emerging Markets ETF during the second quarter worth approximately $27,000. Heartwood Wealth Advisors LLC acquired a new stake in iShares MSCI Emerging Markets ETF in the 3rd quarter valued at $37,000. Traub Capital Management LLC acquired a new position in iShares MSCI Emerging Markets ETF during the second quarter worth $34,000. Hemington Wealth Management acquired a new position in iShares MSCI Emerging Markets ETF during the second quarter worth $34,000. Finally, Gladwyn Financial Advisors Inc. purchased a new position in iShares MSCI Emerging Markets ETF during the second quarter valued at $35,000. 81.39% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Stock Down 0.4%

Shares of NYSEARCA EEM opened at $57.87 on Friday. The firm has a market cap of $23.59 billion, a price-to-earnings ratio of 14.46 and a beta of 0.64. The company’s 50-day simple moving average is $54.97 and its 200-day simple moving average is $52.72. iShares MSCI Emerging Markets ETF has a 52-week low of $38.19 and a 52-week high of $58.38.

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.