MKP Capital Management L.L.C. purchased a new stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 952,000 shares of the exchange traded fund’s stock, valued at approximately $63,584,000. iShares MSCI Emerging Markets ETF comprises approximately 1.9% of MKP Capital Management L.L.C.’s holdings, making the stock its 10th biggest position. MKP Capital Management L.L.C. owned 0.21% of iShares MSCI Emerging Markets ETF as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of America Corp DE increased its holdings in shares of iShares MSCI Emerging Markets ETF by 22.8% in the 1st quarter. Bank of America Corp DE now owns 37,337,990 shares of the exchange traded fund’s stock worth $2,120,424,000 after purchasing an additional 6,929,284 shares in the last quarter. Retirement Systems of Alabama purchased a new position in shares of iShares MSCI Emerging Markets ETF in the third quarter worth $609,880,000. Board of Trustees of The Leland Stanford Junior University raised its stake in shares of iShares MSCI Emerging Markets ETF by 102.7% in the first quarter. Board of Trustees of The Leland Stanford Junior University now owns 9,035,926 shares of the exchange traded fund’s stock worth $513,150,000 after purchasing an additional 4,577,226 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of iShares MSCI Emerging Markets ETF by 4.3% during the first quarter. PNC Financial Services Group Inc. now owns 4,611,088 shares of the exchange traded fund’s stock valued at $261,864,000 after purchasing an additional 189,366 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of iShares MSCI Emerging Markets ETF by 9.2% during the second quarter. Envestnet Asset Management Inc. now owns 2,704,404 shares of the exchange traded fund’s stock valued at $185,008,000 after purchasing an additional 228,966 shares in the last quarter. Institutional investors own 81.39% of the company’s stock.
iShares MSCI Emerging Markets ETF Stock Performance
NYSEARCA EEM opened at $60.57 on Wednesday. iShares MSCI Emerging Markets ETF has a one year low of $52.38 and a one year high of $71.57. The stock has a 50-day moving average of $65.18 and a 200 day moving average of $63.90. The company has a market capitalization of $28.07 billion, a price-to-earnings ratio of 12.06 and a beta of 0.77.
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). 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.
Featured Stories
- Five stocks we like better than iShares MSCI Emerging Markets ETF
- Why Kinder Morgan’s Chairman Just Bought $15 Million in Stock
- Rocket Lab’s Record Backlog Could Fuel a Rebound, But Neutron Raises the Stakes
- Don’t Let Their Low Yields Fool You: 3 Dividend Stocks Worth Watching
- A $4 Billion Jolt: NRG Energy Powers Data Center Ambitions
Want to see what other hedge funds are holding EEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report).
Receive News & Ratings for iShares MSCI Emerging Markets ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares MSCI Emerging Markets ETF and related companies with MarketBeat.com's FREE daily email newsletter.
