Penobscot Investment Management Company Inc. lifted its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) by 3.0% during the first quarter, HoldingsChannel.com reports. The firm owned 33,948 shares of the exchange traded fund’s stock after purchasing an additional 985 shares during the period. Penobscot Investment Management Company Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $1,484,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Pillar Financial Advisors LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the 4th quarter worth about $28,000. Elequin Capital LP purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the 4th quarter worth about $28,000. Navigoe LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the 4th quarter worth about $30,000. Golden State Wealth Management LLC boosted its position in shares of iShares MSCI Emerging Markets ETF by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 704 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 352 shares in the last quarter. Finally, Copia Wealth Management purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the 4th quarter worth about $33,000. 81.39% of the stock is owned by institutional investors and hedge funds.
iShares MSCI Emerging Markets ETF Stock Up 0.1%
iShares MSCI Emerging Markets ETF stock opened at $47.96 on Thursday. iShares MSCI Emerging Markets ETF has a 52 week low of $38.19 and a 52 week high of $48.18. The firm’s 50-day simple moving average is $45.60 and its 200 day simple moving average is $43.89. The firm has a market capitalization of $18.24 billion, a PE ratio of 14.46 and a beta of 0.62.
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).
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