Migdal Insurance & Financial Holdings Ltd. Makes New $6.12 Million Investment in iShares MSCI Emerging Markets ETF $EEM

Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the 3rd quarter, HoldingsChannel reports. The fund bought 91,197 shares of the exchange traded fund’s stock, valued at approximately $6,120,000.

Several other large investors have also recently made changes to their positions in EEM. Retirement Systems of Alabama purchased a new position in shares of iShares MSCI Emerging Markets ETF in the 3rd quarter worth about $609,880,000. Bank of America Corp DE increased its holdings in 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 buying an additional 6,929,284 shares during the last quarter. Board of Trustees of The Leland Stanford Junior University increased its holdings 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 buying an additional 4,577,226 shares during the last quarter. ARGA Investment Management LP purchased a new stake in iShares MSCI Emerging Markets ETF during the third quarter worth about $147,155,000. Finally, Greenleaf Trust bought a new stake in iShares MSCI Emerging Markets ETF in the third quarter worth about $83,723,000. 81.39% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Stock Performance

EEM stock traded down $0.22 during mid-day trading on Friday, hitting $60.92. The company had a trading volume of 27,785,520 shares, compared to its average volume of 30,890,666. The firm has a market cap of $28.24 billion, a PE ratio of 12.06 and a beta of 0.77. iShares MSCI Emerging Markets ETF has a 12 month low of $52.38 and a 12 month high of $71.57. The stock’s fifty day moving average price is $64.84 and its two-hundred day moving average price is $63.93.

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.