Lazard Asset Management LLC increased its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) by 233.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,738,713 shares of the exchange traded fund’s stock after acquiring an additional 1,916,377 shares during the quarter. Lazard Asset Management LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $114,532,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the stock. Pillar Financial Advisors LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the fourth quarter worth $28,000. Navigoe LLC acquired a new position in iShares MSCI Emerging Markets ETF in the 4th quarter worth about $30,000. Compass Planning Associates Inc purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the 4th quarter worth about $36,000. Creative Capital Management Investments LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF during the 4th quarter valued at about $38,000. Finally, Atmos Advisory LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF in the 4th quarter valued at approximately $40,000. 81.39% of the stock is currently owned by institutional investors and hedge funds.
iShares MSCI Emerging Markets ETF Stock Up 0.7%
NYSEARCA EEM opened at $44.91 on Monday. The stock has a market capitalization of $16.92 billion, a PE ratio of 13.13 and a beta of 0.63. iShares MSCI Emerging Markets ETF has a 12-month low of $38.19 and a 12-month high of $47.44. The company has a 50 day moving average price of $43.28 and a two-hundred day moving average price of $43.29.
iShares MSCI Emerging Markets ETF Company 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).
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