HighTower Advisors LLC Buys 31,869 Shares of iShares MSCI Emerging Markets ETF $EEM

HighTower Advisors LLC grew its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 2.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,236,592 shares of the exchange traded fund’s stock after purchasing an additional 31,869 shares during the period. HighTower Advisors LLC owned approximately 0.27% of iShares MSCI Emerging Markets ETF worth $67,654,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of iShares MSCI Emerging Markets ETF during the 3rd quarter worth about $407,231,000. National Bank of Canada FI boosted its stake in shares of iShares MSCI Emerging Markets ETF by 21,534.1% during the 3rd quarter. National Bank of Canada FI now owns 1,979,092 shares of the exchange traded fund’s stock worth $105,689,000 after purchasing an additional 1,969,944 shares during the period. Duquesne Family Office LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF during the 3rd quarter worth about $101,460,000. SPX Gestao de Recursos Ltda boosted its stake in shares of iShares MSCI Emerging Markets ETF by 1,133.3% during the 3rd quarter. SPX Gestao de Recursos Ltda now owns 1,480,000 shares of the exchange traded fund’s stock worth $79,032,000 after purchasing an additional 1,360,000 shares during the period. Finally, Greenfield FTC Inc. purchased a new position in shares of iShares MSCI Emerging Markets ETF during the 4th quarter worth about $43,076,000. 81.39% of the stock is owned by institutional investors.

iShares MSCI Emerging Markets ETF Trading Up 1.9%

EEM stock opened at $65.46 on Thursday. iShares MSCI Emerging Markets ETF has a 12 month low of $45.23 and a 12 month high of $68.15. The company has a 50-day moving average price of $61.08 and a 200 day moving average price of $58.42. The stock has a market cap of $28.99 billion, a PE ratio of 14.46 and a beta of 0.71.

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.