Webster Bank N. A. lifted its position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) by 98.3% during the first quarter, Holdings Channel reports. The firm owned 40,233 shares of the exchange traded fund’s stock after acquiring an additional 19,948 shares during the period. Webster Bank N. A.’s holdings in iShares MSCI Emerging Markets ETF were worth $2,285,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. MidAtlantic Capital Management Inc. bought a new stake in iShares MSCI Emerging Markets ETF during the fourth quarter worth $25,000. Hilton Head Capital Partners LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the 4th quarter worth approximately $25,000. BTG Pactual Asset Management US LLC lifted its stake in iShares MSCI Emerging Markets ETF by 101.3% in the third quarter. BTG Pactual Asset Management US LLC now owns 571 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 46,071 shares during the last quarter. Elevated Capital Advisors LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF in the fourth quarter valued at $31,000. Finally, MidFirst Bank bought a new position in shares of iShares MSCI Emerging Markets ETF during the 4th quarter worth $31,000. Institutional investors own 81.39% of the company’s stock.
iShares MSCI Emerging Markets ETF Stock Up 0.6%
NYSEARCA EEM opened at $71.21 on Tuesday. The firm’s 50-day simple moving average is $66.07 and its two-hundred day simple moving average is $60.63. iShares MSCI Emerging Markets ETF has a 52 week low of $46.15 and a 52 week high of $71.57. The company has a market cap of $31.53 billion, a PE ratio of 14.46 and a beta of 0.73.
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.
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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).
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