iShares MSCI Emerging Markets ETF $EEM Stock Acquired by Friday Financial

Friday Financial grew its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 183.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 41,866 shares of the exchange traded fund’s stock after buying an additional 27,075 shares during the period. Friday Financial’s holdings in iShares MSCI Emerging Markets ETF were worth $2,797,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in EEM. Bank of America Corp DE grew its position in shares of iShares MSCI Emerging Markets ETF by 22.8% in the first quarter. Bank of America Corp DE now owns 37,337,990 shares of the exchange traded fund’s stock valued at $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 lifted its holdings in 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 worth $513,150,000 after purchasing an additional 4,577,226 shares in the last quarter. Hsbc Holdings PLC boosted its stake in iShares MSCI Emerging Markets ETF by 74.9% in the 4th quarter. Hsbc Holdings PLC now owns 6,591,631 shares of the exchange traded fund’s stock worth $360,596,000 after purchasing an additional 2,823,265 shares during the period. Fifth Third Bancorp boosted its stake 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 worth $82,220,000 after purchasing an additional 735,539 shares during the period. Finally, Gradient Investments LLC purchased a new position in iShares MSCI Emerging Markets ETF during the 3rd quarter valued at about $45,301,000. 81.39% of the stock is owned by institutional investors.

iShares MSCI Emerging Markets ETF Stock Up 1.1%

Shares of EEM opened at $66.80 on Friday. iShares MSCI Emerging Markets ETF has a twelve month low of $51.82 and a twelve month high of $71.57. The stock has a market cap of $30.96 billion, a PE ratio of 14.46 and a beta of 0.74. The business’s 50-day moving average price is $66.96 and its 200-day moving average price is $65.36.

About iShares MSCI Emerging Markets ETF

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.