iShares MSCI Emerging Markets ETF $EEM Shares Bought by Sumitomo Mitsui Financial Group Inc.

Sumitomo Mitsui Financial Group Inc. lifted its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 55.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 72,359 shares of the exchange traded fund’s stock after acquiring an additional 25,813 shares during the quarter. Sumitomo Mitsui Financial Group Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $3,959,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in EEM. Brighton Jones LLC grew its stake in shares of iShares MSCI Emerging Markets ETF by 1.7% in the 4th quarter. Brighton Jones LLC now owns 118,587 shares of the exchange traded fund’s stock worth $4,959,000 after purchasing an additional 1,940 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of iShares MSCI Emerging Markets ETF by 13.3% in the 1st quarter. AQR Capital Management LLC now owns 80,248 shares of the exchange traded fund’s stock worth $3,507,000 after purchasing an additional 9,437 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of iShares MSCI Emerging Markets ETF in the 2nd quarter worth approximately $3,957,000. Gamco Investors INC. ET AL acquired a new position in shares of iShares MSCI Emerging Markets ETF in the 2nd quarter worth approximately $462,000. Finally, Quantinno Capital Management LP grew its stake in shares of iShares MSCI Emerging Markets ETF by 3.1% in the 2nd quarter. Quantinno Capital Management LP now owns 43,885 shares of the exchange traded fund’s stock worth $2,117,000 after purchasing an additional 1,320 shares during the last quarter. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

Shares of EEM opened at $67.50 on Friday. The firm’s 50 day moving average is $64.43 and its 200-day moving average is $59.87. The stock has a market capitalization of $29.89 billion, a P/E ratio of 14.46 and a beta of 0.73. iShares MSCI Emerging Markets ETF has a 12-month low of $46.15 and a 12-month high of $70.86.

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.