Mirae Asset Global Investments Co. Ltd. Makes New Investment in iShares MSCI Emerging Markets ETF $EEM

Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 347,462 shares of the exchange traded fund’s stock, valued at approximately $23,207,000. Mirae Asset Global Investments Co. Ltd. owned 0.07% of iShares MSCI Emerging Markets ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Aviance Capital Partners LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the 3rd quarter valued at about $222,000. Vise Technologies Inc. boosted its position in shares of iShares MSCI Emerging Markets ETF by 33.4% during the 3rd quarter. Vise Technologies Inc. now owns 22,300 shares of the exchange traded fund’s stock valued at $1,489,000 after acquiring an additional 5,578 shares during the last quarter. Grandfield & Dodd LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF during the 3rd quarter valued at about $223,000. Blue Fin Capital Inc. purchased a new position in shares of iShares MSCI Emerging Markets ETF during the third quarter worth about $3,750,000. Finally, Modera Wealth Management LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF during the third quarter worth about $5,062,000. 81.39% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Trading Up 0.1%

Shares of NYSEARCA EEM opened at $61.11 on Tuesday. The business has a 50-day moving average of $65.99 and a 200-day moving average of $63.83. The firm has a market capitalization of $28.32 billion, a price-to-earnings ratio of 14.46 and a beta of 0.74. iShares MSCI Emerging Markets ETF has a 12 month low of $52.38 and a 12 month high of $71.57.

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.