Rakuten Investment Management Inc. Buys Shares of 57,023 iShares MSCI Emerging Markets ETF $EEM

Rakuten Investment Management Inc. purchased a new stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 57,023 shares of the exchange traded fund’s stock, valued at approximately $3,033,000.

A number of other hedge funds have also modified their holdings of the stock. Joel Isaacson & Co. LLC raised its holdings in shares of iShares MSCI Emerging Markets ETF by 34.7% during the third quarter. Joel Isaacson & Co. LLC now owns 19,091 shares of the exchange traded fund’s stock worth $1,019,000 after acquiring an additional 4,920 shares in the last quarter. Horizon Bancorp Inc. IN increased its position in iShares MSCI Emerging Markets ETF by 2.6% in the 3rd quarter. Horizon Bancorp Inc. IN now owns 147,665 shares of the exchange traded fund’s stock worth $7,885,000 after purchasing an additional 3,716 shares during the last quarter. Parsons Capital Management Inc. RI raised its stake in shares of iShares MSCI Emerging Markets ETF by 6.5% during the 3rd quarter. Parsons Capital Management Inc. RI now owns 14,749 shares of the exchange traded fund’s stock worth $788,000 after purchasing an additional 900 shares in the last quarter. Element Wealth LLC lifted its holdings in shares of iShares MSCI Emerging Markets ETF by 6.9% during the 3rd quarter. Element Wealth LLC now owns 11,629 shares of the exchange traded fund’s stock valued at $621,000 after buying an additional 754 shares during the last quarter. Finally, Arkadios Wealth Advisors lifted its holdings in shares of iShares MSCI Emerging Markets ETF by 2.7% during the 3rd quarter. Arkadios Wealth Advisors now owns 24,360 shares of the exchange traded fund’s stock valued at $1,301,000 after buying an additional 633 shares during the last quarter. 81.39% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Stock Performance

NYSEARCA:EEM opened at $59.07 on Friday. The company has a market capitalization of $25.28 billion, a P/E ratio of 14.46 and a beta of 0.64. The stock’s 50 day moving average price is $55.26 and its 200 day moving average price is $53.02. iShares MSCI Emerging Markets ETF has a 52 week low of $38.19 and a 52 week high of $59.15.

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.