Gemmer Asset Management LLC Buys New Shares in iShares MSCI Emerging Markets ETF $EEM

Gemmer Asset Management LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 23,355 shares of the exchange traded fund’s stock, valued at approximately $1,127,000.

A number of other large investors also recently modified their holdings of EEM. Simplicity Wealth LLC lifted its stake in iShares MSCI Emerging Markets ETF by 5.5% in the 2nd quarter. Simplicity Wealth LLC now owns 30,888 shares of the exchange traded fund’s stock worth $1,490,000 after purchasing an additional 1,610 shares in the last quarter. OLD National Bancorp IN lifted its stake in iShares MSCI Emerging Markets ETF by 356.9% in the 2nd quarter. OLD National Bancorp IN now owns 61,731 shares of the exchange traded fund’s stock worth $2,978,000 after purchasing an additional 48,220 shares in the last quarter. Apexium Financial LP purchased a new stake in iShares MSCI Emerging Markets ETF in the 2nd quarter worth $248,000. QRG Capital Management Inc. lifted its stake in iShares MSCI Emerging Markets ETF by 6.2% in the 2nd quarter. QRG Capital Management Inc. now owns 4,951 shares of the exchange traded fund’s stock worth $239,000 after purchasing an additional 291 shares in the last quarter. Finally, Washington Growth Strategies LLC lifted its stake in iShares MSCI Emerging Markets ETF by 340,615.9% in the 2nd quarter. Washington Growth Strategies LLC now owns 149,915 shares of the exchange traded fund’s stock worth $7,232,000 after purchasing an additional 149,871 shares in the last quarter. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Up 0.3%

Shares of EEM stock opened at $54.23 on Friday. The stock has a market cap of $20.62 billion, a P/E ratio of 14.46 and a beta of 0.74. iShares MSCI Emerging Markets ETF has a 52 week low of $38.19 and a 52 week high of $54.39. The company’s fifty day simple moving average is $50.93 and its two-hundred day simple moving average is $47.45.

About iShares MSCI Emerging Markets ETF

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).