12,316 Shares in iShares MSCI Emerging Markets ETF $EEM Purchased by Waycross Investment Management Co

Waycross Investment Management Co acquired a new position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the fourth quarter, HoldingsChannel reports. The fund acquired 12,316 shares of the exchange traded fund’s stock, valued at approximately $674,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in shares of iShares MSCI Emerging Markets ETF by 11.6% in the second quarter. JPMorgan Chase & Co. now owns 12,043,203 shares of the exchange traded fund’s stock worth $580,964,000 after acquiring an additional 1,256,608 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new stake in shares of iShares MSCI Emerging Markets ETF during the third quarter valued at approximately $407,231,000. Corient Private Wealth LLC increased its holdings in shares of iShares MSCI Emerging Markets ETF by 206.0% in the second quarter. Corient Private Wealth LLC now owns 3,240,329 shares of the exchange traded fund’s stock valued at $156,313,000 after purchasing an additional 2,181,269 shares in the last quarter. Mariner LLC raised its position in iShares MSCI Emerging Markets ETF by 23.8% in the 3rd quarter. Mariner LLC now owns 2,324,614 shares of the exchange traded fund’s stock worth $124,134,000 after purchasing an additional 447,010 shares during the last quarter. Finally, Bank of Nova Scotia raised its position in iShares MSCI Emerging Markets ETF by 314.6% in the 2nd quarter. Bank of Nova Scotia now owns 2,240,422 shares of the exchange traded fund’s stock worth $108,078,000 after purchasing an additional 1,700,100 shares during the last quarter. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of EEM opened at $55.64 on Friday. The firm has a market capitalization of $25.36 billion, a price-to-earnings ratio of 14.46 and a beta of 0.64. The business’s fifty day moving average price is $59.44 and its two-hundred day moving average price is $55.96. iShares MSCI Emerging Markets ETF has a 52 week low of $38.19 and a 52 week high of $65.96.

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.