Cullen Frost Bankers Inc. Buys 18,149 Shares of iShares MSCI Emerging Markets ETF $EEM

Cullen Frost Bankers Inc. increased its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 8.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 227,089 shares of the exchange traded fund’s stock after acquiring an additional 18,149 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $10,955,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Greenup Street Wealth Management LLC bought a new position in shares of iShares MSCI Emerging Markets ETF during the second quarter worth $319,000. Whittier Trust Co. boosted its position in shares of iShares MSCI Emerging Markets ETF by 0.6% during the second quarter. Whittier Trust Co. now owns 111,298 shares of the exchange traded fund’s stock worth $5,369,000 after acquiring an additional 707 shares during the last quarter. Clune & Associates LTD. boosted its position in shares of iShares MSCI Emerging Markets ETF by 3.9% during the second quarter. Clune & Associates LTD. now owns 55,389 shares of the exchange traded fund’s stock worth $2,672,000 after acquiring an additional 2,088 shares during the last quarter. Klingman & Associates LLC boosted its position in shares of iShares MSCI Emerging Markets ETF by 1.5% during the second quarter. Klingman & Associates LLC now owns 20,470 shares of the exchange traded fund’s stock worth $987,000 after acquiring an additional 298 shares during the last quarter. Finally, Pittenger & Anderson Inc. boosted its position in shares of iShares MSCI Emerging Markets ETF by 155.6% during the second quarter. Pittenger & Anderson Inc. now owns 11,500 shares of the exchange traded fund’s stock worth $555,000 after acquiring an additional 7,000 shares during the last quarter. Institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of NYSEARCA:EEM opened at $54.26 on Thursday. iShares MSCI Emerging Markets ETF has a fifty-two week low of $38.19 and a fifty-two week high of $55.03. The firm has a fifty day moving average price of $52.17 and a 200 day moving average price of $48.32. The firm has a market cap of $20.63 billion, a price-to-earnings ratio of 14.46 and a beta of 0.74.

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).