Lmcg Investments LLC Makes New Investment in iShares MSCI Emerging Markets ETF $EEM

Lmcg Investments LLC bought a new position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the third quarter, HoldingsChannel reports. The institutional investor bought 174,730 shares of the exchange traded fund’s stock, valued at approximately $11,670,000.

Several other large investors have also made changes to their positions in the company. Bank of America Corp DE boosted its holdings in iShares MSCI Emerging Markets ETF by 22.8% in the first quarter. Bank of America Corp DE now owns 37,337,990 shares of the exchange traded fund’s stock valued at $2,120,424,000 after acquiring an additional 6,929,284 shares during the last quarter. Board of Trustees of The Leland Stanford Junior University increased its position in iShares MSCI Emerging Markets ETF by 102.7% in the first quarter. Board of Trustees of The Leland Stanford Junior University now owns 9,035,926 shares of the exchange traded fund’s stock worth $513,150,000 after purchasing an additional 4,577,226 shares during the period. Halbert Hargrove Global Advisors LLC acquired a new stake in iShares MSCI Emerging Markets ETF in the third quarter worth about $68,571,000. Fifth Third Bancorp increased its position in iShares MSCI Emerging Markets ETF by 103.3% in the first quarter. Fifth Third Bancorp now owns 1,447,782 shares of the exchange traded fund’s stock worth $82,220,000 after purchasing an additional 735,539 shares during the period. Finally, Gradient Investments LLC bought a new stake in iShares MSCI Emerging Markets ETF during the 3rd quarter worth about $45,301,000. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Up 0.4%

Shares of NYSEARCA:EEM opened at $63.57 on Thursday. iShares MSCI Emerging Markets ETF has a 1-year low of $52.38 and a 1-year high of $71.57. The stock has a market capitalization of $29.46 billion, a P/E ratio of 14.46 and a beta of 0.74. The business has a 50-day moving average price of $66.76 and a two-hundred day moving average price of $65.87.

iShares MSCI Emerging Markets ETF Company 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.