Noesis Capital Mangement Corp acquired a new stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 19,826 shares of the exchange traded fund’s stock, valued at approximately $1,324,000.
A number of other hedge funds also recently made changes to their positions in EEM. Magnus Financial Group LLC grew its stake in iShares MSCI Emerging Markets ETF by 0.5% in the 3rd quarter. Magnus Financial Group LLC now owns 33,124 shares of the exchange traded fund’s stock valued at $2,212,000 after buying an additional 163 shares during the last quarter. Arcus Capital Partners LLC lifted its position in iShares MSCI Emerging Markets ETF by 1.0% during the first quarter. Arcus Capital Partners LLC now owns 16,886 shares of the exchange traded fund’s stock worth $959,000 after acquiring an additional 167 shares during the last quarter. Winter & Associates Inc. lifted its position in iShares MSCI Emerging Markets ETF by 1.3% during the third quarter. Winter & Associates Inc. now owns 13,962 shares of the exchange traded fund’s stock worth $884,000 after acquiring an additional 174 shares during the last quarter. Kagan Cocozza Asset Management boosted its holdings in shares of iShares MSCI Emerging Markets ETF by 1.9% during the first quarter. Kagan Cocozza Asset Management now owns 10,445 shares of the exchange traded fund’s stock worth $593,000 after acquiring an additional 191 shares during the period. Finally, Koshinski Asset Management Inc. boosted its holdings in shares of iShares MSCI Emerging Markets ETF by 3.9% during the first quarter. Koshinski Asset Management Inc. now owns 5,427 shares of the exchange traded fund’s stock worth $308,000 after acquiring an additional 206 shares during the period. 81.39% of the stock is owned by institutional investors and hedge funds.
iShares MSCI Emerging Markets ETF Trading Down 0.3%
Shares of NYSEARCA EEM opened at $61.82 on Tuesday. The firm has a market cap of $28.65 billion, a P/E ratio of 14.46 and a beta of 0.74. iShares MSCI Emerging Markets ETF has a 1-year low of $52.38 and a 1-year high of $71.57. The business’s 50 day moving average is $66.52 and its 200-day moving average is $63.69.
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.
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