iShares MSCI Emerging Markets ETF $EEM Shares Newly Purchased by Arrow Investment Advisors LLC

Arrow Investment Advisors LLC purchased a new position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 78,667 shares of the exchange traded fund’s stock, valued at approximately $5,254,000. iShares MSCI Emerging Markets ETF accounts for approximately 4.5% of Arrow Investment Advisors LLC’s holdings, making the stock its 3rd biggest holding.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Bank of America Corp DE boosted its position in shares of 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 purchasing an additional 6,929,284 shares during the period. Board of Trustees of The Leland Stanford Junior University grew its stake in shares of 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 acquiring an additional 4,577,226 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in iShares MSCI Emerging Markets ETF by 4.3% in the first quarter. PNC Financial Services Group Inc. now owns 4,611,088 shares of the exchange traded fund’s stock valued at $261,864,000 after buying an additional 189,366 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of iShares MSCI Emerging Markets ETF by 9.2% during the second quarter. Envestnet Asset Management Inc. now owns 2,704,404 shares of the exchange traded fund’s stock valued at $185,008,000 after purchasing an additional 228,966 shares in the last quarter. Finally, ARGA Investment Management LP purchased a new position in shares of iShares MSCI Emerging Markets ETF during the third quarter worth approximately $147,155,000. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Up 2.2%

Shares of EEM opened at $59.33 on Friday. The company’s fifty day simple moving average is $65.43 and its 200-day simple moving average is $63.88. iShares MSCI Emerging Markets ETF has a twelve month low of $52.38 and a twelve month high of $71.57. The company has a market cap of $27.50 billion, a P/E ratio of 14.46 and a beta of 0.77.

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.