Renaissance Technologies LLC Raises Holdings in iShares MSCI Emerging Markets ETF $EEM

Renaissance Technologies LLC grew its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 2,804.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 122,000 shares of the exchange traded fund’s stock after acquiring an additional 117,800 shares during the quarter. Renaissance Technologies LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $6,928,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. lifted its position in iShares MSCI Emerging Markets ETF by 92.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 230,897 shares of the exchange traded fund’s stock worth $12,632,000 after acquiring an additional 110,888 shares during the period. Kelsey Financial LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF in the fourth quarter worth about $1,038,000. Roman Butler Fullerton & Co. lifted its holdings in shares of iShares MSCI Emerging Markets ETF by 24.8% during the fourth quarter. Roman Butler Fullerton & Co. now owns 53,499 shares of the exchange traded fund’s stock worth $3,140,000 after purchasing an additional 10,639 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in shares of iShares MSCI Emerging Markets ETF by 53.5% during the fourth quarter. Sequoia Financial Advisors LLC now owns 30,799 shares of the exchange traded fund’s stock worth $1,685,000 after purchasing an additional 10,735 shares during the period. Finally, Clarity Wealth Advisors LLC boosted its position in iShares MSCI Emerging Markets ETF by 9.1% in the fourth quarter. Clarity Wealth Advisors LLC now owns 190,689 shares of the exchange traded fund’s stock valued at $10,433,000 after buying an additional 15,941 shares during the last quarter. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Up 2.6%

EEM opened at $66.00 on Wednesday. iShares MSCI Emerging Markets ETF has a 12-month low of $48.72 and a 12-month high of $71.57. The firm has a 50 day moving average of $66.56 and a two-hundred day moving average of $62.87. The firm has a market capitalization of $29.67 billion, a PE ratio of 14.46 and a beta of 0.74.

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.