iShares MSCI Emerging Markets ETF $EEM Position Boosted by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lifted its position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 4.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,611,088 shares of the exchange traded fund’s stock after acquiring an additional 189,366 shares during the quarter. PNC Financial Services Group Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $261,864,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. MidAtlantic Capital Management Inc. bought a new position in iShares MSCI Emerging Markets ETF during the fourth quarter worth $25,000. Hilton Head Capital Partners LLC acquired a new position in iShares MSCI Emerging Markets ETF in the fourth quarter worth $25,000. Merkkuri Wealth Advisors LLC bought a new stake in iShares MSCI Emerging Markets ETF during the first quarter valued at $27,000. BTG Pactual Asset Management US LLC increased its stake in iShares MSCI Emerging Markets ETF by 101.3% during 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 purchasing an additional 46,071 shares during the last quarter. Finally, Elevated Capital Advisors LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF during the fourth quarter worth $31,000. 81.39% of the stock is currently owned by institutional investors.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of NYSEARCA:EEM opened at $65.34 on Wednesday. The company’s fifty day moving average is $67.01 and its two-hundred day moving average is $62.39. iShares MSCI Emerging Markets ETF has a 1-year low of $47.98 and a 1-year high of $71.57. The stock has a market capitalization of $28.93 billion, a price-to-earnings ratio of 14.46 and a beta of 0.72.

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.