Consolidated Investment Group LLC Acquires New Stake in iShares MSCI Emerging Markets ETF $EEM

Consolidated Investment Group LLC acquired a new position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 64,700 shares of the exchange traded fund’s stock, valued at approximately $4,321,000.

Other hedge funds have also recently bought and sold shares of the company. AlphaCore Capital LLC boosted its position in iShares MSCI Emerging Markets ETF by 57.8% in the 3rd quarter. AlphaCore Capital LLC now owns 14,220 shares of the exchange traded fund’s stock valued at $950,000 after buying an additional 5,209 shares during the last quarter. Retirement Systems of Alabama acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the 3rd quarter valued at $609,880,000. Bryn Mawr Trust Advisors LLC increased its stake in shares of iShares MSCI Emerging Markets ETF by 7.5% in the 3rd quarter. Bryn Mawr Trust Advisors LLC now owns 273,713 shares of the exchange traded fund’s stock valued at $18,281,000 after buying an additional 19,163 shares during the period. RHL Group LLC raised its position in shares of iShares MSCI Emerging Markets ETF by 12,690.7% during the third quarter. RHL Group LLC now owns 51,163 shares of the exchange traded fund’s stock worth $3,417,000 after acquiring an additional 50,763 shares during the last quarter. Finally, Mycio Wealth Partners LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF during the third quarter worth $2,176,000. 81.39% of the stock is currently owned by institutional investors.

iShares MSCI Emerging Markets ETF Stock Up 2.9%

EEM stock opened at $61.03 on Tuesday. 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 $28.29 billion, a P/E ratio of 14.46 and a beta of 0.77. The business has a fifty day moving average of $65.31 and a 200-day moving average of $63.89.

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.