RHL Group LLC Buys 50,763 Shares of iShares MSCI Emerging Markets ETF $EEM

RHL Group LLC boosted its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 12,690.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 51,163 shares of the exchange traded fund’s stock after acquiring an additional 50,763 shares during the period. iShares MSCI Emerging Markets ETF accounts for 2.3% of RHL Group LLC’s portfolio, making the stock its 11th largest holding. RHL Group LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $3,417,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bank of America Corp DE lifted its stake in iShares MSCI Emerging Markets ETF by 22.8% in the 1st 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 in the last quarter. Board of Trustees of The Leland Stanford Junior University boosted its holdings in shares of iShares MSCI Emerging Markets ETF by 102.7% during the 1st quarter. Board of Trustees of The Leland Stanford Junior University now owns 9,035,926 shares of the exchange traded fund’s stock valued at $513,150,000 after purchasing an additional 4,577,226 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of iShares MSCI Emerging Markets ETF by 4.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,611,088 shares of the exchange traded fund’s stock valued at $261,864,000 after purchasing an additional 189,366 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of iShares MSCI Emerging Markets ETF by 9.2% during the second quarter. Envestnet Asset Management Inc. now owns 2,704,404 shares of the exchange traded fund’s stock valued at $185,008,000 after purchasing an additional 228,966 shares in the last quarter. Finally, ARGA Investment Management LP purchased a new position in shares of iShares MSCI Emerging Markets ETF during the third quarter valued at about $147,155,000. 81.39% of the stock is currently owned by institutional investors.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of EEM stock opened at $59.33 on Monday. iShares MSCI Emerging Markets ETF has a 12-month low of $52.38 and a 12-month high of $71.57. The stock’s 50-day moving average price is $65.43 and its 200-day moving average price is $63.88. The stock has a market capitalization of $27.50 billion, a price-to-earnings ratio of 14.46 and a beta of 0.77.

iShares MSCI Emerging Markets ETF Company 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.