iShares MSCI Emerging Markets ETF $EEM Shares Purchased by Bristlecone Advisors LLC

Bristlecone Advisors LLC boosted its position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 15.8% during the 2nd quarter, Holdings Channel reports. The fund owned 3,150 shares of the exchange traded fund’s stock after acquiring an additional 430 shares during the quarter. Bristlecone Advisors LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $152,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in EEM. Goldman Sachs Group Inc. raised its holdings in iShares MSCI Emerging Markets ETF by 1,097.3% in the first quarter. Goldman Sachs Group Inc. now owns 29,828,908 shares of the exchange traded fund’s stock valued at $1,303,523,000 after acquiring an additional 32,819,730 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in iShares MSCI Emerging Markets ETF by 45.2% in the first quarter. JPMorgan Chase & Co. now owns 10,786,595 shares of the exchange traded fund’s stock valued at $471,374,000 after acquiring an additional 3,359,853 shares in the last quarter. USA Financial Formulas acquired a new stake in iShares MSCI Emerging Markets ETF in the second quarter valued at approximately $67,857,000. Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in iShares MSCI Emerging Markets ETF by 1,731.4% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 1,485,008 shares of the exchange traded fund’s stock valued at $64,541,000 after acquiring an additional 1,403,923 shares in the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in iShares MSCI Emerging Markets ETF in the first quarter valued at approximately $48,800,000. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Up 0.6%

Shares of iShares MSCI Emerging Markets ETF stock opened at $56.01 on Thursday. The firm has a market capitalization of $21.30 billion, a P/E ratio of 14.46 and a beta of 0.64. iShares MSCI Emerging Markets ETF has a 52 week low of $38.19 and a 52 week high of $56.31. The firm’s 50 day moving average is $52.72 and its two-hundred day moving average is $48.97.

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).