iShares MSCI Emerging Markets ETF $EEM Stake Raised by Legacy Capital Group California Inc.

Legacy Capital Group California Inc. grew its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 96.3% in the first quarter, according to its most recent filing with the SEC. The firm owned 32,151 shares of the exchange traded fund’s stock after acquiring an additional 15,770 shares during the quarter. iShares MSCI Emerging Markets ETF comprises approximately 0.7% of Legacy Capital Group California Inc.’s holdings, making the stock its 21st largest position. Legacy Capital Group California Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $1,826,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EEM. Hsbc Holdings PLC raised its position in iShares MSCI Emerging Markets ETF by 74.9% during the fourth quarter. Hsbc Holdings PLC now owns 6,591,631 shares of the exchange traded fund’s stock valued at $360,596,000 after buying an additional 2,823,265 shares during the period. National Bank of Canada FI raised its position in iShares MSCI Emerging Markets ETF by 21,534.1% during the third quarter. National Bank of Canada FI now owns 1,979,092 shares of the exchange traded fund’s stock valued at $105,689,000 after acquiring an additional 1,969,944 shares in the last quarter. Duquesne Family Office LLC bought a new position in iShares MSCI Emerging Markets ETF during the third quarter valued at approximately $101,460,000. MKP Capital Management L.L.C. bought a new position in iShares MSCI Emerging Markets ETF during the fourth quarter valued at approximately $90,983,000. Finally, Board of Trustees of The Leland Stanford Junior University lifted its stake in iShares MSCI Emerging Markets ETF by 25.8% in the fourth quarter. Board of Trustees of The Leland Stanford Junior University now owns 4,458,700 shares of the exchange traded fund’s stock valued at $243,935,000 after acquiring an additional 915,248 shares during the last quarter. 81.39% of the stock is currently owned by institutional investors.

iShares MSCI Emerging Markets ETF Stock Down 3.6%

EEM stock opened at $64.50 on Tuesday. The company has a market capitalization of $28.56 billion, a price-to-earnings ratio of 14.46 and a beta of 0.72. iShares MSCI Emerging Markets ETF has a 12 month low of $47.98 and a 12 month high of $71.57. The firm has a 50 day moving average of $67.28 and a two-hundred day moving average of $61.97.

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). 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.