Coastline Trust Co Buys 80,700 Shares of iShares MSCI Emerging Markets ETF $EEM

Coastline Trust Co acquired a new stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the 3rd quarter, Holdings Channel reports. The institutional investor acquired 80,700 shares of the exchange traded fund’s stock, valued at approximately $5,390,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. QRG Capital Management Inc. increased its position in shares of iShares MSCI Emerging Markets ETF by 26.6% during the second quarter. QRG Capital Management Inc. now owns 6,333 shares of the exchange traded fund’s stock worth $433,000 after acquiring an additional 1,332 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in iShares MSCI Emerging Markets ETF by 2.8% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 10,733 shares of the exchange traded fund’s stock valued at $734,000 after purchasing an additional 294 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in iShares MSCI Emerging Markets ETF by 9.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,704,404 shares of the exchange traded fund’s stock worth $185,008,000 after purchasing an additional 228,966 shares during the last quarter. Tidal Investments LLC increased its holdings in iShares MSCI Emerging Markets ETF by 7.0% during the 2nd quarter. Tidal Investments LLC now owns 23,000 shares of the exchange traded fund’s stock worth $1,573,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Arlington Capital Management Inc. acquired a new position in shares of iShares MSCI Emerging Markets ETF in the 2nd quarter valued at approximately $2,023,000. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

EEM traded down $0.37 during trading on Thursday, hitting $66.42. The company had a trading volume of 9,019,013 shares, compared to its average volume of 31,810,350. iShares MSCI Emerging Markets ETF has a 1-year low of $51.82 and a 1-year high of $71.57. The company has a market cap of $30.88 billion, a PE ratio of 14.46 and a beta of 0.74. The business has a 50-day moving average of $66.38 and a 200-day moving average of $64.93.

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.