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

Penobscot Investment Management Company Inc. lifted its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 52.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,026 shares of the exchange traded fund’s stock after purchasing an additional 25,509 shares during the period. Penobscot Investment Management Company Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $4,204,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Asempa Wealth Advisors acquired a new position in iShares MSCI Emerging Markets ETF in the 4th quarter valued at $593,000. Perigon Wealth Management LLC grew its holdings in shares of iShares MSCI Emerging Markets ETF by 77.2% during the fourth quarter. Perigon Wealth Management LLC now owns 148,373 shares of the exchange traded fund’s stock worth $8,118,000 after buying an additional 64,618 shares in the last quarter. Kelsey Financial LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the fourth quarter worth $1,038,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of iShares MSCI Emerging Markets ETF by 92.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 230,897 shares of the exchange traded fund’s stock valued at $12,632,000 after buying an additional 110,888 shares during the last quarter. Finally, Roman Butler Fullerton & Co. lifted its stake in shares of iShares MSCI Emerging Markets ETF by 24.8% in the fourth quarter. Roman Butler Fullerton & Co. now owns 53,499 shares of the exchange traded fund’s stock worth $3,140,000 after buying an additional 10,639 shares in the last quarter. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Down 2.7%

EEM opened at $65.72 on Wednesday. The firm has a market capitalization of $29.10 billion, a PE ratio of 14.46 and a beta of 0.72. iShares MSCI Emerging Markets ETF has a twelve month low of $47.98 and a twelve month high of $71.57. The firm’s 50-day moving average price is $67.06 and its 200 day moving average price is $61.62.

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.