Prudential Financial Inc. lifted its position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) by 9.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 655,380 shares of the exchange traded fund’s stock after buying an additional 57,968 shares during the quarter. Prudential Financial Inc. owned approximately 0.18% of iShares MSCI Emerging Markets ETF worth $27,408,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Pillar Financial Advisors LLC purchased a new position in iShares MSCI Emerging Markets ETF during the fourth quarter worth about $28,000. Compass Planning Associates Inc acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the fourth quarter worth approximately $36,000. Teachers Insurance & Annuity Association of America purchased a new stake in iShares MSCI Emerging Markets ETF in the third quarter valued at approximately $37,000. Creative Capital Management Investments LLC acquired a new position in iShares MSCI Emerging Markets ETF during the fourth quarter worth approximately $38,000. Finally, Atmos Advisory LLC purchased a new position in iShares MSCI Emerging Markets ETF during the fourth quarter worth approximately $40,000. Institutional investors and hedge funds own 81.39% of the company’s stock.
iShares MSCI Emerging Markets ETF Stock Down 0.6 %
Shares of NYSEARCA EEM opened at $44.38 on Thursday. The stock has a market capitalization of $16.82 billion, a PE ratio of 14.88 and a beta of 0.72. The firm has a fifty day moving average of $43.71 and a 200-day moving average of $43.83. iShares MSCI Emerging Markets ETF has a 52-week low of $39.39 and a 52-week high of $47.44.
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).
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