iShares MSCI Emerging Markets ETF $EEM Stock Position Lifted by Yousif Capital Management LLC

Yousif Capital Management LLC increased its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 1,682.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 75,163 shares of the exchange traded fund’s stock after purchasing an additional 70,945 shares during the period. Yousif Capital Management LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $5,020,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in EEM. BIP Wealth LLC increased its position in shares of iShares MSCI Emerging Markets ETF by 4.6% during the third quarter. BIP Wealth LLC now owns 326,457 shares of the exchange traded fund’s stock worth $21,804,000 after acquiring an additional 14,384 shares during the period. Parthenon LLC acquired a new position in iShares MSCI Emerging Markets ETF during the 3rd quarter worth $419,000. New Harbor Financial Group LLC acquired a new position in iShares MSCI Emerging Markets ETF during the 3rd quarter worth $39,259,000. Curry Webb Wealth Management LLC acquired a new position in iShares MSCI Emerging Markets ETF during the 3rd quarter worth $40,000. Finally, Indiana Trust & Investment Management Co acquired a new position in iShares MSCI Emerging Markets ETF during the 3rd quarter worth $514,000. 81.39% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Price Performance

Shares of NYSEARCA EEM opened at $62.01 on Monday. The company has a market cap of $28.74 billion, a price-to-earnings ratio of 14.46 and a beta of 0.74. The stock’s 50-day moving average is $66.56 and its two-hundred day moving average is $65.94. iShares MSCI Emerging Markets ETF has a 1-year low of $52.38 and a 1-year 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.