21,454 Shares of iShares MSCI Emerging Markets ETF $EEM Purchased by Oakworth Capital Inc.

Oakworth Capital Inc. purchased a new position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 21,454 shares of the exchange traded fund’s stock, valued at approximately $1,433,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Penobscot Investment Management Company Inc. bought a new position in shares of iShares MSCI Emerging Markets ETF during the 3rd quarter worth approximately $6,291,000. Oppenheimer & Co. Inc. acquired a new position in shares of iShares MSCI Emerging Markets ETF during the 3rd quarter worth approximately $8,257,000. Park Avenue Securities LLC acquired a new position in shares of iShares MSCI Emerging Markets ETF during the 3rd quarter worth approximately $9,101,000. WESPAC Advisors LLC bought a new stake in iShares MSCI Emerging Markets ETF in the 3rd quarter valued at $1,645,000. Finally, Verdence Capital Advisors LLC raised its stake in iShares MSCI Emerging Markets ETF by 2.2% in the 3rd quarter. Verdence Capital Advisors LLC now owns 297,958 shares of the exchange traded fund’s stock valued at $19,901,000 after acquiring an additional 6,306 shares during the period. Institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Up 1.1%

EEM opened at $62.52 on Wednesday. The stock’s fifty day simple moving average is $66.33 and its 200 day simple moving average is $63.74. iShares MSCI Emerging Markets ETF has a 1-year low of $52.38 and a 1-year high of $71.57. The stock has a market cap of $28.98 billion, a PE 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). 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.