Cullen Frost Bankers Inc. Increases Stock Position in iShares MSCI Emerging Markets ex China ETF $EMXC

Cullen Frost Bankers Inc. increased its position in iShares MSCI Emerging Markets ex China ETF (NASDAQ:EMXC) by 2.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,518,698 shares of the company’s stock after purchasing an additional 61,558 shares during the period. iShares MSCI Emerging Markets ex China ETF makes up approximately 2.0% of Cullen Frost Bankers Inc.’s holdings, making the stock its 7th biggest position. Cullen Frost Bankers Inc.’s holdings in iShares MSCI Emerging Markets ex China ETF were worth $159,031,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Bank of New York Mellon Corp lifted its stake in iShares MSCI Emerging Markets ex China ETF by 1.6% during the 1st quarter. Bank of New York Mellon Corp now owns 10,566,782 shares of the company’s stock valued at $582,124,000 after acquiring an additional 165,149 shares during the period. United Services Automobile Association bought a new position in iShares MSCI Emerging Markets ex China ETF during the 1st quarter valued at about $293,371,000. Partners Capital Investment Group LLP lifted its stake in iShares MSCI Emerging Markets ex China ETF by 12.2% during the 1st quarter. Partners Capital Investment Group LLP now owns 4,000,438 shares of the company’s stock valued at $220,384,000 after acquiring an additional 433,786 shares during the period. Russell Investments Group Ltd. lifted its stake in iShares MSCI Emerging Markets ex China ETF by 6.3% during the 1st quarter. Russell Investments Group Ltd. now owns 1,424,609 shares of the company’s stock valued at $78,482,000 after acquiring an additional 84,033 shares during the period. Finally, Hughes Financial Services LLC lifted its stake in iShares MSCI Emerging Markets ex China ETF by 3.2% during the 1st quarter. Hughes Financial Services LLC now owns 676,018 shares of the company’s stock valued at $37,445,000 after acquiring an additional 21,036 shares during the period.

iShares MSCI Emerging Markets ex China ETF Stock Performance

EMXC opened at $70.58 on Wednesday. The stock has a market capitalization of $13.04 billion, a P/E ratio of 15.28 and a beta of 0.88. The company’s 50-day simple moving average is $66.60 and its two-hundred day simple moving average is $62.32. iShares MSCI Emerging Markets ex China ETF has a 52-week low of $49.60 and a 52-week high of $71.52.

iShares MSCI Emerging Markets ex China ETF Company Profile

The iShares MSCI Emerging Markets ex China ETF (EMXC) is an exchange-traded fund that is based on the MSCI Emerging Markets ex China index. The fund tracks a market-cap- weighted index of emerging-market firms, excluding China. The index covers 85% of the universe by market cap. EMXC was launched on Jul 18, 2017 and is managed by BlackRock.