iShares MSCI Emerging Markets ETF $EEM Shares Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC boosted its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 2,804.8% in the 1st quarter, Holdings Channel reports. The fund owned 122,000 shares of the exchange traded fund’s stock after buying an additional 117,800 shares during the period. Renaissance Technologies LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $6,928,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of EEM. Brighton Jones LLC lifted its stake in shares of iShares MSCI Emerging Markets ETF by 1.7% in the 4th quarter. Brighton Jones LLC now owns 118,587 shares of the exchange traded fund’s stock valued at $4,959,000 after purchasing an additional 1,940 shares during the period. AQR Capital Management LLC grew its position in iShares MSCI Emerging Markets ETF by 13.3% during the first quarter. AQR Capital Management LLC now owns 80,248 shares of the exchange traded fund’s stock valued at $3,507,000 after buying an additional 9,437 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in iShares MSCI Emerging Markets ETF during the second quarter valued at $3,957,000. Gamco Investors INC. ET AL purchased a new position in iShares MSCI Emerging Markets ETF in the second quarter valued at $462,000. Finally, Quantinno Capital Management LP raised its position in shares of iShares MSCI Emerging Markets ETF by 3.1% in the second quarter. Quantinno Capital Management LP now owns 43,885 shares of the exchange traded fund’s stock worth $2,117,000 after acquiring an additional 1,320 shares during the period. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of iShares MSCI Emerging Markets ETF stock opened at $66.00 on Wednesday. The company has a market cap of $29.67 billion, a P/E ratio of 14.46 and a beta of 0.74. iShares MSCI Emerging Markets ETF has a fifty-two week low of $48.72 and a fifty-two week high of $71.57. The firm has a 50-day simple moving average of $66.56 and a two-hundred day simple moving average of $62.87.

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). 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.