Gemmer Asset Management LLC Buys New Shares in iShares MSCI Emerging Markets ETF $EEM

Gemmer Asset Management LLC purchased a new stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the second quarter, HoldingsChannel reports. The fund purchased 18,268 shares of the exchange traded fund’s stock, valued at approximately $1,250,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. MidAtlantic Capital Management Inc. bought a new position in shares of iShares MSCI Emerging Markets ETF during the 4th quarter worth about $25,000. Hilton Head Capital Partners LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF in the fourth quarter valued at about $25,000. Merkkuri Wealth Advisors LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF in the first quarter valued at about $27,000. BTG Pactual Asset Management US LLC grew its position 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 worth $30,000 after buying an additional 46,071 shares in the last quarter. Finally, MidFirst Bank acquired a new stake in iShares MSCI Emerging Markets ETF during the fourth quarter worth about $31,000. 81.39% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Stock Down 0.5%

Shares of EEM opened at $68.48 on Thursday. iShares MSCI Emerging Markets ETF has a 12-month low of $51.50 and a 12-month high of $71.57. The firm has a market capitalization of $30.79 billion, a price-to-earnings ratio of 14.46 and a beta of 0.74. The stock’s 50-day moving average price is $65.85 and its 200 day moving average price is $64.18.

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.