Washington Trust Bank Has $5.99 Million Stock Position in iShares MSCI Emerging Markets ETF $EEM

Washington Trust Bank increased its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 10.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 109,530 shares of the exchange traded fund’s stock after acquiring an additional 10,685 shares during the quarter. Washington Trust Bank’s holdings in iShares MSCI Emerging Markets ETF were worth $5,992,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Versant Capital Management Inc lifted its stake in shares of iShares MSCI Emerging Markets ETF by 369.7% in the third quarter. Versant Capital Management Inc now owns 465 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 366 shares during the period. Elevated Capital Advisors LLC acquired a new position in shares of iShares MSCI Emerging Markets ETF in the fourth quarter worth approximately $31,000. BTG Pactual Asset Management US LLC lifted its stake in iShares MSCI Emerging Markets ETF by 101.3% in the third quarter. BTG Pactual Asset Management US LLC now owns 571 shares of the exchange traded fund’s stock valued at $30,000 after buying an additional 46,071 shares during the period. Woodside Wealth Management LLC acquired a new position in iShares MSCI Emerging Markets ETF in the fourth quarter valued at approximately $33,000. Finally, Richardson Capital Management LLC acquired a new position in iShares MSCI Emerging Markets ETF in the third quarter valued at approximately $33,000. 81.39% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of EEM opened at $67.89 on Tuesday. iShares MSCI Emerging Markets ETF has a 52-week low of $45.23 and a 52-week high of $68.15. The business’s 50 day moving average price is $60.18 and its two-hundred day moving average price is $57.91. The firm has a market cap of $30.06 billion, a PE ratio of 14.46 and a beta of 0.71.

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.