Waycross Investment Management Co Purchases New Position in iShares MSCI Emerging Markets ETF $EEM

Waycross Investment Management Co purchased a new stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 12,316 shares of the exchange traded fund’s stock, valued at approximately $674,000.

Several other large investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in shares of iShares MSCI Emerging Markets ETF by 11.6% during the second quarter. JPMorgan Chase & Co. now owns 12,043,203 shares of the exchange traded fund’s stock worth $580,964,000 after buying an additional 1,256,608 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of iShares MSCI Emerging Markets ETF in the 3rd quarter worth approximately $407,231,000. Corient Private Wealth LLC boosted its holdings in shares of iShares MSCI Emerging Markets ETF by 206.0% in the 2nd quarter. Corient Private Wealth LLC now owns 3,240,329 shares of the exchange traded fund’s stock worth $156,313,000 after acquiring an additional 2,181,269 shares in the last quarter. Mariner LLC grew its position in iShares MSCI Emerging Markets ETF by 23.8% during the 3rd quarter. Mariner LLC now owns 2,324,614 shares of the exchange traded fund’s stock worth $124,134,000 after acquiring an additional 447,010 shares during the last quarter. Finally, Bank of Nova Scotia grew its position in iShares MSCI Emerging Markets ETF by 314.6% during the 2nd quarter. Bank of Nova Scotia now owns 2,240,422 shares of the exchange traded fund’s stock worth $108,078,000 after acquiring an additional 1,700,100 shares during the last quarter. 81.39% of the stock is owned by institutional investors.

iShares MSCI Emerging Markets ETF Price Performance

EEM stock opened at $55.64 on Friday. The business has a fifty day moving average price of $59.44 and a 200 day moving average price of $55.96. iShares MSCI Emerging Markets ETF has a fifty-two week low of $38.19 and a fifty-two week high of $65.96. The stock has a market capitalization of $25.36 billion, a price-to-earnings ratio of 14.46 and a beta of 0.64.

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.