Whittier Trust Co. Boosts Position in iShares MSCI Emerging Markets ETF $EEM

Whittier Trust Co. boosted its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 9.4% in the first quarter, HoldingsChannel reports. The institutional investor owned 125,037 shares of the exchange traded fund’s stock after purchasing an additional 10,719 shares during the period. Whittier Trust Co.’s holdings in iShares MSCI Emerging Markets ETF were worth $7,141,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in EEM. MidAtlantic Capital Management Inc. purchased a new position in shares of iShares MSCI Emerging Markets ETF during the fourth quarter worth approximately $25,000. Hilton Head Capital Partners LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the fourth quarter valued at approximately $25,000. Merkkuri Wealth Advisors LLC bought a new position in iShares MSCI Emerging Markets ETF in the first quarter worth approximately $27,000. Jessup Wealth Management Inc bought a new position in iShares MSCI Emerging Markets ETF in the fourth quarter worth approximately $31,000. Finally, Elevated Capital Advisors LLC purchased a new position in iShares MSCI Emerging Markets ETF during the 4th quarter worth $31,000. 81.39% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Stock Performance

EEM traded down $2.00 during trading on Tuesday, hitting $65.57. 7,045,876 shares of the stock were exchanged, compared to its average volume of 37,395,277. The firm has a 50 day simple moving average of $66.92 and a 200 day simple moving average of $61.43. The firm has a market cap of $29.03 billion, a price-to-earnings ratio of 14.46 and a beta of 0.72. iShares MSCI Emerging Markets ETF has a 1 year low of $47.98 and a 1 year high of $71.57.

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). The Index is designed to measure equity market performance in the global emerging markets. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.