SPX Gestao de Recursos Ltda Makes New $105.98 Million Investment in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

SPX Gestao de Recursos Ltda acquired a new position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 2,310,955 shares of the exchange traded fund’s stock, valued at approximately $105,980,000. iShares MSCI Emerging Markets ETF accounts for approximately 14.0% of SPX Gestao de Recursos Ltda’s holdings, making the stock its 2nd biggest position.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bank of Montreal Can increased its holdings in shares of iShares MSCI Emerging Markets ETF by 91.1% during the second quarter. Bank of Montreal Can now owns 7,092,851 shares of the exchange traded fund’s stock valued at $302,014,000 after acquiring an additional 3,382,010 shares in the last quarter. DRW Securities LLC increased its holdings in iShares MSCI Emerging Markets ETF by 603.8% in the 3rd quarter. DRW Securities LLC now owns 2,732,449 shares of the exchange traded fund’s stock worth $125,310,000 after buying an additional 2,344,192 shares in the last quarter. LPL Financial LLC increased its holdings in iShares MSCI Emerging Markets ETF by 6.2% in the 3rd quarter. LPL Financial LLC now owns 2,118,866 shares of the exchange traded fund’s stock worth $97,171,000 after buying an additional 123,741 shares in the last quarter. Nisa Investment Advisors LLC bought a new stake in iShares MSCI Emerging Markets ETF in the 2nd quarter worth about $74,532,000. Finally, The Manufacturers Life Insurance Company increased its holdings in iShares MSCI Emerging Markets ETF by 0.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,498,674 shares of the exchange traded fund’s stock worth $63,829,000 after buying an additional 6,995 shares in the last quarter. 81.39% of the stock is currently owned by institutional investors.

iShares MSCI Emerging Markets ETF Price Performance

NYSEARCA EEM traded down $0.02 during trading hours on Friday, hitting $43.97. The company’s stock had a trading volume of 3,352,904 shares, compared to its average volume of 27,922,303. iShares MSCI Emerging Markets ETF has a 12 month low of $37.48 and a 12 month high of $47.44. The company’s 50 day simple moving average is $44.57 and its two-hundred day simple moving average is $43.58.

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).