Ramirez Asset Management Inc. Has $2.85 Million Holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Ramirez Asset Management Inc. grew its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 446.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 68,125 shares of the exchange traded fund’s stock after acquiring an additional 55,650 shares during the quarter. Ramirez Asset Management Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $2,849,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GM Advisory Group LLC increased its position in shares of iShares MSCI Emerging Markets ETF by 1.7% during the fourth quarter. GM Advisory Group LLC now owns 26,471 shares of the exchange traded fund’s stock worth $1,107,000 after acquiring an additional 448 shares in the last quarter. QRG Capital Management Inc. acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the fourth quarter valued at approximately $205,000. Jones Financial Companies Lllp increased its holdings in shares of iShares MSCI Emerging Markets ETF by 70.3% in the fourth quarter. Jones Financial Companies Lllp now owns 12,265 shares of the exchange traded fund’s stock valued at $513,000 after purchasing an additional 5,063 shares during the last quarter. Carret Asset Management LLC lifted its holdings in iShares MSCI Emerging Markets ETF by 4.2% during the 4th quarter. Carret Asset Management LLC now owns 21,068 shares of the exchange traded fund’s stock worth $881,000 after purchasing an additional 857 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of iShares MSCI Emerging Markets ETF by 25.0% in the fourth quarter. Victory Capital Management Inc. now owns 472,612 shares of the exchange traded fund’s stock valued at $19,765,000 after buying an additional 94,633 shares in the last quarter. 81.39% of the stock is owned by institutional investors.

iShares MSCI Emerging Markets ETF Stock Up 0.5 %

Shares of EEM stock opened at $44.60 on Friday. The company has a market cap of $16.90 billion, a P/E ratio of 14.88 and a beta of 0.72. iShares MSCI Emerging Markets ETF has a twelve month low of $39.39 and a twelve month high of $47.44. The business has a fifty day simple moving average of $43.77 and a 200 day simple moving average of $43.84.

iShares MSCI Emerging Markets ETF 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).