136,256 Shares of iShares MSCI Emerging Markets ETF $EEM Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 136,256 shares of the exchange traded fund’s stock, valued at approximately $9,101,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EEM. Bank of America Corp DE raised its holdings in shares of iShares MSCI Emerging Markets ETF by 22.8% during the 1st quarter. Bank of America Corp DE now owns 37,337,990 shares of the exchange traded fund’s stock valued at $2,120,424,000 after buying an additional 6,929,284 shares in the last quarter. Board of Trustees of The Leland Stanford Junior University lifted its position in iShares MSCI Emerging Markets ETF by 102.7% in the 1st quarter. Board of Trustees of The Leland Stanford Junior University now owns 9,035,926 shares of the exchange traded fund’s stock worth $513,150,000 after buying an additional 4,577,226 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in iShares MSCI Emerging Markets ETF by 4.3% in the first quarter. PNC Financial Services Group Inc. now owns 4,611,088 shares of the exchange traded fund’s stock worth $261,864,000 after buying an additional 189,366 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in iShares MSCI Emerging Markets ETF by 9.2% in the second quarter. Envestnet Asset Management Inc. now owns 2,704,404 shares of the exchange traded fund’s stock worth $185,008,000 after buying an additional 228,966 shares in the last quarter. Finally, Fifth Third Bancorp boosted its stake in iShares MSCI Emerging Markets ETF by 103.3% in the first quarter. Fifth Third Bancorp now owns 1,447,782 shares of the exchange traded fund’s stock worth $82,220,000 after buying an additional 735,539 shares in the last quarter. 81.39% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Price Performance

Shares of NYSEARCA EEM opened at $62.52 on Wednesday. iShares MSCI Emerging Markets ETF has a one year low of $52.38 and a one year high of $71.57. The firm’s 50 day simple moving average is $66.33 and its two-hundred day simple moving average is $63.74. The stock has a market capitalization of $28.98 billion, a P/E 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.