iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) Shares Acquired by Bank of Nova Scotia

Bank of Nova Scotia lifted its position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 327.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,501,822 shares of the exchange traded fund’s stock after acquiring an additional 1,150,147 shares during the period. Bank of Nova Scotia’s holdings in iShares MSCI Emerging Markets ETF were worth $62,806,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. GM Advisory Group LLC lifted its stake in iShares MSCI Emerging Markets ETF by 1.7% in the 4th quarter. GM Advisory Group LLC now owns 26,471 shares of the exchange traded fund’s stock worth $1,107,000 after purchasing 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 boosted its stake in iShares MSCI Emerging Markets ETF by 70.3% during the fourth quarter. Jones Financial Companies Lllp now owns 12,265 shares of the exchange traded fund’s stock worth $513,000 after buying an additional 5,063 shares during the last quarter. Carret Asset Management LLC increased its stake in shares of iShares MSCI Emerging Markets ETF by 4.2% in the 4th quarter. Carret Asset Management LLC now owns 21,068 shares of the exchange traded fund’s stock worth $881,000 after acquiring an additional 857 shares during the last quarter. Finally, Discovery Capital Management LLC CT purchased a new position in shares of iShares MSCI Emerging Markets ETF during the 4th quarter worth $312,000. 81.39% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Trading Down 1.4 %

Shares of EEM opened at $38.52 on Wednesday. The firm has a 50-day moving average price of $43.62 and a 200 day moving average price of $43.77. iShares MSCI Emerging Markets ETF has a 12-month low of $38.19 and a 12-month high of $47.44. The firm has a market capitalization of $14.65 billion, a P/E ratio of 14.53 and a beta of 0.63.

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).