Ramirez Asset Management Inc. Grows Stake in iShares MSCI Emerging Markets ETF $EEM

Ramirez Asset Management Inc. boosted its position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 138.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,418 shares of the exchange traded fund’s stock after acquiring an additional 8,956 shares during the quarter. Ramirez Asset Management Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $823,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of EEM. Clal Insurance Enterprises Holdings Ltd purchased a new position in iShares MSCI Emerging Markets ETF in the third quarter worth about $407,231,000. Banco Bilbao Vizcaya Argentaria S.A. increased its position in shares of iShares MSCI Emerging Markets ETF by 212.1% during the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 4,634,821 shares of the exchange traded fund’s stock valued at $223,062,000 after purchasing an additional 3,149,813 shares during the last quarter. Corient Private Wealth LLC lifted its stake in shares of iShares MSCI Emerging Markets ETF by 206.0% in the 2nd quarter. Corient Private Wealth LLC now owns 3,240,329 shares of the exchange traded fund’s stock worth $156,313,000 after purchasing an additional 2,181,269 shares during the period. Invesco Ltd. purchased a new position in shares of iShares MSCI Emerging Markets ETF in the second quarter worth approximately $100,644,000. Finally, Bank of Nova Scotia boosted its holdings in shares of iShares MSCI Emerging Markets ETF by 314.6% in the second quarter. Bank of Nova Scotia now owns 2,240,422 shares of the exchange traded fund’s stock worth $108,078,000 after buying an additional 1,700,100 shares during the last quarter. Institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Down 0.5%

Shares of EEM stock opened at $57.32 on Friday. iShares MSCI Emerging Markets ETF has a 12 month low of $38.19 and a 12 month high of $65.96. The company has a 50 day simple moving average of $59.09 and a two-hundred day simple moving average of $55.38. The stock has a market cap of $26.13 billion, a P/E ratio of 14.46 and a beta of 0.64.

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.