Citizens Financial Group Inc. RI Acquires New Holdings in iShares MSCI Emerging Markets ETF $EEM

Citizens Financial Group Inc. RI bought a new stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 210,127 shares of the exchange traded fund’s stock, valued at approximately $14,034,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EEM. NTV Asset Management LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF during the 3rd quarter valued at $17,331,000. Sowell Financial Services LLC grew its position in iShares MSCI Emerging Markets ETF by 6.0% during the 3rd quarter. Sowell Financial Services LLC now owns 94,379 shares of the exchange traded fund’s stock worth $6,304,000 after acquiring an additional 5,364 shares during the last quarter. Evergreen Capital Management LLC acquired a new position in iShares MSCI Emerging Markets ETF in the 3rd quarter worth about $3,641,000. West Financial Advisors LLC increased its holdings in iShares MSCI Emerging Markets ETF by 65.0% in the 3rd quarter. West Financial Advisors LLC now owns 2,339 shares of the exchange traded fund’s stock worth $156,000 after purchasing an additional 921 shares in the last quarter. Finally, NORTHSTAR ASSET MANAGEMENT Co acquired a new position in iShares MSCI Emerging Markets ETF in the 3rd quarter worth about $392,000. Institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Up 0.5%

Shares of EEM stock opened at $62.01 on Friday. The business’s 50-day moving average price is $66.56 and its 200-day moving average price is $65.87. iShares MSCI Emerging Markets ETF has a 12 month low of $52.38 and a 12 month high of $71.57. The firm has a market capitalization of $28.74 billion, a price-to-earnings ratio of 14.46 and a beta of 0.74.

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.