Mirae Asset Global Investments Co. Ltd. Makes New Investment in iShares MSCI Emerging Markets ETF $EEM

Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the third quarter, Holdings Channel reports. The firm purchased 347,462 shares of the exchange traded fund’s stock, valued at approximately $23,207,000.

Other large investors have also added to or reduced their stakes in the company. Aviance Capital Partners LLC bought a new stake in iShares MSCI Emerging Markets ETF in the 3rd quarter worth approximately $222,000. Vise Technologies Inc. grew its position in iShares MSCI Emerging Markets ETF by 33.4% during the third quarter. Vise Technologies Inc. now owns 22,300 shares of the exchange traded fund’s stock valued at $1,489,000 after acquiring an additional 5,578 shares during the last quarter. Grandfield & Dodd LLC bought a new position in iShares MSCI Emerging Markets ETF during the third quarter valued at approximately $223,000. Blue Fin Capital Inc. bought a new position in iShares MSCI Emerging Markets ETF during the third quarter valued at approximately $3,750,000. Finally, Modera Wealth Management LLC bought a new position in iShares MSCI Emerging Markets ETF during the third quarter valued at approximately $5,062,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

EEM stock opened at $61.11 on Tuesday. The company has a market capitalization of $28.32 billion, a PE ratio of 14.46 and a beta of 0.74. iShares MSCI Emerging Markets ETF has a one year low of $52.38 and a one year high of $71.57. The company’s 50 day moving average price is $65.99 and its two-hundred day moving average price is $63.83.

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.