Bryn Mawr Trust Advisors LLC increased its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) by 7.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 273,713 shares of the exchange traded fund’s stock after acquiring an additional 19,163 shares during the quarter. Bryn Mawr Trust Advisors LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $18,281,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. MADDEN SECURITIES Corp acquired a new stake in shares of iShares MSCI Emerging Markets ETF during the third quarter worth $27,000. Balance Wealth Partners LLC acquired a new position in shares of iShares MSCI Emerging Markets ETF in the 3rd quarter valued at $28,000. Financial Management Professionals Inc. acquired a new position in shares of iShares MSCI Emerging Markets ETF in the 3rd quarter valued at $29,000. Manning & Napier Advisors LLC boosted its position in shares of iShares MSCI Emerging Markets ETF by 491.4% in the 1st quarter. Manning & Napier Advisors LLC now owns 621 shares of the exchange traded fund’s stock valued at $35,000 after purchasing an additional 516 shares during the period. Finally, First Bancorp Inc ME acquired a new position in shares of iShares MSCI Emerging Markets ETF in the 2nd quarter valued at $37,000. 81.39% of the stock is currently owned by institutional investors and hedge funds.
iShares MSCI Emerging Markets ETF Stock Performance
Shares of EEM opened at $59.33 on Monday. The business’s 50-day moving average price is $65.43 and its 200 day moving average price is $63.88. The stock has a market capitalization of $27.50 billion, a P/E ratio of 14.46 and a beta of 0.77. iShares MSCI Emerging Markets ETF has a 1-year low of $52.38 and a 1-year high of $71.57.
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.
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