Samalin Investment Counsel LLC Purchases New Stake in iShares MSCI Emerging Markets ETF $EEM

Samalin Investment Counsel LLC acquired a new position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 24,678 shares of the exchange traded fund’s stock, valued at approximately $1,648,000.

A number of other hedge funds also recently modified their holdings of EEM. Argyle Capital Partners LLC boosted its holdings in shares of iShares MSCI Emerging Markets ETF by 3.1% during the third quarter. Argyle Capital Partners LLC now owns 15,847 shares of the exchange traded fund’s stock worth $1,058,000 after purchasing an additional 473 shares during the period. Winter & Associates Inc. increased its position in iShares MSCI Emerging Markets ETF by 1.3% during the third quarter. Winter & Associates Inc. now owns 13,962 shares of the exchange traded fund’s stock worth $884,000 after buying an additional 174 shares during the last quarter. Signaturefd LLC acquired a new position in shares of iShares MSCI Emerging Markets ETF during the 3rd quarter valued at about $1,170,000. Citizens Financial Group Inc. RI acquired a new position in iShares MSCI Emerging Markets ETF during the third quarter valued at approximately $14,034,000. Finally, NTV Asset Management LLC acquired a new position in iShares MSCI Emerging Markets ETF in the 3rd quarter valued at $17,331,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

Shares of NYSEARCA EEM opened at $62.01 on Monday. iShares MSCI Emerging Markets ETF has a 12 month low of $52.38 and a 12 month high of $71.57. The business’s 50 day moving average is $66.56 and its two-hundred day moving average is $65.94. The company has a market cap of $28.74 billion, a P/E ratio of 14.46 and a beta of 0.74.

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.