True Freedom Investing LLC Purchases 42,164 Shares of iShares MSCI Emerging Markets ETF $EEM

True Freedom Investing LLC increased its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 70.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 101,616 shares of the exchange traded fund’s stock after purchasing an additional 42,164 shares during the period. iShares MSCI Emerging Markets ETF comprises 1.1% of True Freedom Investing LLC’s holdings, making the stock its 24th largest holding. True Freedom Investing LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $6,787,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in EEM. Bank of America Corp DE lifted its holdings in shares of iShares MSCI Emerging Markets ETF by 22.8% during the first quarter. Bank of America Corp DE now owns 37,337,990 shares of the exchange traded fund’s stock worth $2,120,424,000 after purchasing an additional 6,929,284 shares during the period. Board of Trustees of The Leland Stanford Junior University boosted its position in iShares MSCI Emerging Markets ETF by 102.7% during the first quarter. Board of Trustees of The Leland Stanford Junior University now owns 9,035,926 shares of the exchange traded fund’s stock worth $513,150,000 after purchasing an additional 4,577,226 shares in the last quarter. Greenleaf Trust acquired a new stake in iShares MSCI Emerging Markets ETF in the 3rd quarter valued at $83,723,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the third quarter worth about $68,571,000. Finally, Fifth Third Bancorp lifted its holdings in iShares MSCI Emerging Markets ETF by 103.3% in the 1st quarter. Fifth Third Bancorp now owns 1,447,782 shares of the exchange traded fund’s stock valued at $82,220,000 after purchasing an additional 735,539 shares in the last quarter. 81.39% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Price Performance

Shares of EEM stock opened at $61.04 on Monday. iShares MSCI Emerging Markets ETF has a 12 month low of $52.38 and a 12 month high of $71.57. The company has a market capitalization of $28.29 billion, a PE ratio of 14.46 and a beta of 0.74. The firm’s 50-day moving average is $66.11 and its two-hundred day moving average is $63.82.

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.