Saxony Capital Management LLC Buys New Stake in iShares MSCI Emerging Markets ETF $EEM

Saxony Capital Management LLC bought a new stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 50,494 shares of the exchange traded fund’s stock, valued at approximately $2,436,000. iShares MSCI Emerging Markets ETF comprises approximately 1.9% of Saxony Capital Management LLC’s holdings, making the stock its 13th biggest holding.

Several other large investors have also recently bought and sold shares of the business. Goldman Sachs Group Inc. grew its holdings in shares of iShares MSCI Emerging Markets ETF by 1,097.3% during the first quarter. Goldman Sachs Group Inc. now owns 29,828,908 shares of the exchange traded fund’s stock worth $1,303,523,000 after purchasing an additional 32,819,730 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of iShares MSCI Emerging Markets ETF by 45.2% during the first quarter. JPMorgan Chase & Co. now owns 10,786,595 shares of the exchange traded fund’s stock worth $471,374,000 after purchasing an additional 3,359,853 shares during the last quarter. TD Asset Management Inc grew its holdings in shares of iShares MSCI Emerging Markets ETF by 13.0% during the first quarter. TD Asset Management Inc now owns 4,999,304 shares of the exchange traded fund’s stock worth $218,470,000 after purchasing an additional 575,932 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of iShares MSCI Emerging Markets ETF by 1.3% during the first quarter. Envestnet Asset Management Inc. now owns 2,290,688 shares of the exchange traded fund’s stock worth $100,103,000 after purchasing an additional 28,793 shares during the last quarter. Finally, Hirtle Callaghan & Co LLC grew its holdings in shares of iShares MSCI Emerging Markets ETF by 5.6% during the first quarter. Hirtle Callaghan & Co LLC now owns 1,881,523 shares of the exchange traded fund’s stock worth $82,223,000 after purchasing an additional 100,615 shares during the last quarter. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of EEM stock opened at $55.30 on Friday. The stock’s 50-day moving average is $52.93 and its two-hundred day moving average is $49.11. The firm has a market cap of $21.03 billion, a price-to-earnings ratio of 14.46 and a beta of 0.64. iShares MSCI Emerging Markets ETF has a 1 year low of $38.19 and a 1 year high of $56.31.

iShares MSCI Emerging Markets ETF Company 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).