iShares MSCI Emerging Markets ETF $EEM Stake Raised by Grove Bank & Trust

Grove Bank & Trust increased its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 9.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 121,544 shares of the exchange traded fund’s stock after acquiring an additional 10,128 shares during the period. Grove Bank & Trust’s holdings in iShares MSCI Emerging Markets ETF were worth $8,315,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Trinity Financial Advisors LLC lifted its position in shares of iShares MSCI Emerging Markets ETF by 1.7% in the second quarter. Trinity Financial Advisors LLC now owns 23,097 shares of the exchange traded fund’s stock worth $1,580,000 after purchasing an additional 388 shares in the last quarter. CoreCap Advisors LLC grew its position in iShares MSCI Emerging Markets ETF by 28.0% during the second quarter. CoreCap Advisors LLC now owns 209,249 shares of the exchange traded fund’s stock valued at $14,315,000 after purchasing an additional 45,822 shares in the last quarter. Noble Wealth Management PBC increased its stake in iShares MSCI Emerging Markets ETF by 42.8% in the 2nd quarter. Noble Wealth Management PBC now owns 9,360 shares of the exchange traded fund’s stock valued at $640,000 after buying an additional 2,805 shares during the period. Sapient Capital LLC acquired a new position in iShares MSCI Emerging Markets ETF in the 1st quarter valued at approximately $201,000. Finally, Western Wealth Management LLC increased its stake in iShares MSCI Emerging Markets ETF by 110.8% in the 1st quarter. Western Wealth Management LLC now owns 13,870 shares of the exchange traded fund’s stock valued at $788,000 after buying an additional 7,289 shares during the period. 81.39% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Stock Up 2.6%

EEM stock opened at $66.00 on Wednesday. The company has a 50 day moving average of $66.56 and a two-hundred day moving average of $62.87. The company has a market cap of $29.67 billion, a price-to-earnings ratio of 14.46 and a beta of 0.74. iShares MSCI Emerging Markets ETF has a 12-month low of $48.72 and a 12-month high of $71.57.

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.