17,079 Shares in iShares MSCI Emerging Markets ETF $EEM Bought by Fortitude Financial LLC

Fortitude Financial LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 17,079 shares of the exchange traded fund’s stock, valued at approximately $1,134,000. iShares MSCI Emerging Markets ETF comprises about 0.5% of Fortitude Financial LLC’s holdings, making the stock its 22nd largest position.

Several other hedge funds also recently modified their holdings of the stock. Bank of America Corp DE raised its position in iShares MSCI Emerging Markets ETF by 22.8% in the 1st 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 buying an additional 6,929,284 shares during the last quarter. Board of Trustees of The Leland Stanford Junior University lifted its stake 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 valued at $513,150,000 after acquiring an additional 4,577,226 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in iShares MSCI Emerging Markets ETF by 4.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,611,088 shares of the exchange traded fund’s stock worth $261,864,000 after acquiring an additional 189,366 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in iShares MSCI Emerging Markets ETF by 9.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,704,404 shares of the exchange traded fund’s stock worth $185,008,000 after acquiring an additional 228,966 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in iShares MSCI Emerging Markets ETF by 103.3% during the 1st quarter. Fifth Third Bancorp now owns 1,447,782 shares of the exchange traded fund’s stock worth $82,220,000 after acquiring an additional 735,539 shares during the last quarter. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

Shares of NYSEARCA EEM traded up $0.46 during trading on Monday, hitting $63.31. The stock had a trading volume of 22,046,290 shares, compared to its average volume of 31,188,592. iShares MSCI Emerging Markets ETF has a 12 month low of $52.38 and a 12 month high of $71.57. The company has a market capitalization of $29.34 billion, a PE ratio of 14.46 and a beta of 0.74. The firm has a fifty day moving average of $66.89 and a two-hundred day moving average of $65.73.

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.