Independence Bank of Kentucky Has $2.84 Million Holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Independence Bank of Kentucky increased its position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 0.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,070 shares of the exchange traded fund’s stock after purchasing an additional 600 shares during the quarter. Independence Bank of Kentucky’s holdings in iShares MSCI Emerging Markets ETF were worth $2,844,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. GM Advisory Group LLC raised its position in shares of 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 valued at $1,107,000 after buying an additional 448 shares in the last quarter. QRG Capital Management Inc. bought a new position in iShares MSCI Emerging Markets ETF in the fourth quarter valued at approximately $205,000. Jones Financial Companies Lllp raised its position 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 valued at $513,000 after purchasing an additional 5,063 shares in the last quarter. Discovery Capital Management LLC CT bought a new stake in iShares MSCI Emerging Markets ETF during the fourth quarter worth $312,000. Finally, Carret Asset Management LLC lifted its stake in iShares MSCI Emerging Markets ETF by 4.2% during the fourth 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. 81.39% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of EEM stock opened at $46.92 on Friday. iShares MSCI Emerging Markets ETF has a fifty-two week low of $38.19 and a fifty-two week high of $47.44. The stock’s fifty day moving average price is $44.01 and its two-hundred day moving average price is $43.55. The company has a market cap of $17.67 billion, a PE ratio of 13.99 and a beta of 0.62.

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).