Quantum Portfolio Management LLC Acquires 27,298 Shares of iShares MSCI Emerging Markets ETF $EEM

Quantum Portfolio Management LLC increased its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 36.9% during the first quarter, Holdings Channel reports. The fund owned 101,337 shares of the exchange traded fund’s stock after acquiring an additional 27,298 shares during the quarter. iShares MSCI Emerging Markets ETF comprises about 0.1% of Quantum Portfolio Management LLC’s holdings, making the stock its 13th biggest holding. Quantum Portfolio Management LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $5,755,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in EEM. Penobscot Investment Management Company Inc. boosted its position in iShares MSCI Emerging Markets ETF by 52.6% during the first quarter. Penobscot Investment Management Company Inc. now owns 74,026 shares of the exchange traded fund’s stock worth $4,204,000 after purchasing an additional 25,509 shares during the period. Axxcess Wealth Management LLC raised its position in shares of iShares MSCI Emerging Markets ETF by 121.7% in the first quarter. Axxcess Wealth Management LLC now owns 368,941 shares of the exchange traded fund’s stock valued at $20,952,000 after purchasing an additional 202,544 shares during the period. Montag A & Associates Inc. raised its position in shares of iShares MSCI Emerging Markets ETF by 82.2% in the first quarter. Montag A & Associates Inc. now owns 4,819 shares of the exchange traded fund’s stock valued at $274,000 after purchasing an additional 2,174 shares during the period. Addison Capital Co acquired a new stake in shares of iShares MSCI Emerging Markets ETF during the 1st quarter worth about $675,000. Finally, AK Global Asset Management LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF during the 1st quarter worth about $1,352,000. Institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of EEM stock opened at $66.23 on Thursday. The company has a market capitalization of $29.33 billion, a price-to-earnings ratio of 14.46 and a beta of 0.72. The company has a 50-day simple moving average of $67.11 and a 200 day simple moving average of $61.71. iShares MSCI Emerging Markets ETF has a 52 week low of $47.98 and a 52 week high of $71.57.

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). 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.