iShares MSCI Emerging Markets ETF $EEM Shares Newly Purchased by Penobscot Investment Management Company Inc.

Penobscot Investment Management Company Inc. purchased a new position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 94,184 shares of the exchange traded fund’s stock, valued at approximately $6,291,000.

Several other hedge funds also recently made changes to their positions in EEM. First Bancorp Inc ME bought a new stake in shares of iShares MSCI Emerging Markets ETF in the 2nd quarter worth approximately $37,000. Financial Management Professionals Inc. acquired a new position in iShares MSCI Emerging Markets ETF in the third quarter worth approximately $29,000. Curry Webb Wealth Management LLC bought a new position in shares of iShares MSCI Emerging Markets ETF in the third quarter valued at $40,000. Manning & Napier Advisors LLC increased its holdings in shares of iShares MSCI Emerging Markets ETF by 491.4% in the first quarter. Manning & Napier Advisors LLC now owns 621 shares of the exchange traded fund’s stock valued at $35,000 after buying an additional 516 shares in the last quarter. Finally, Evolution Wealth Management Inc. bought a new position in shares of iShares MSCI Emerging Markets ETF in the first quarter valued at $44,000. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of NYSEARCA:EEM opened at $62.52 on Wednesday. iShares MSCI Emerging Markets ETF has a one year low of $52.38 and a one year high of $71.57. The stock has a fifty day moving average of $66.33 and a 200-day moving average of $63.74. The company has a market capitalization of $28.98 billion, a PE ratio of 14.46 and a beta of 0.74.

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). 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.