Gemsstock Ltd. Has $38.65 Million Stake in iShares MSCI Emerging Markets ETF $EEM

Gemsstock Ltd. raised its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 1,205.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 678,757 shares of the exchange traded fund’s stock after purchasing an additional 626,757 shares during the period. iShares MSCI Emerging Markets ETF accounts for about 5.6% of Gemsstock Ltd.’s investment portfolio, making the stock its 7th biggest holding. Gemsstock Ltd. owned approximately 0.15% of iShares MSCI Emerging Markets ETF worth $38,650,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of EEM. MidAtlantic Capital Management Inc. bought a new stake in iShares MSCI Emerging Markets ETF during the fourth quarter valued at about $25,000. Hilton Head Capital Partners LLC bought a new stake in iShares MSCI Emerging Markets ETF during the fourth quarter valued at about $25,000. BTG Pactual Asset Management US LLC grew its holdings in iShares MSCI Emerging Markets ETF by 101.3% during the third quarter. BTG Pactual Asset Management US LLC now owns 571 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 46,071 shares during the period. Elevated Capital Advisors LLC bought a new stake in iShares MSCI Emerging Markets ETF during the fourth quarter valued at about $31,000. Finally, Jessup Wealth Management Inc bought a new stake in iShares MSCI Emerging Markets ETF during the fourth quarter valued at about $31,000. Institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

NYSEARCA:EEM opened at $67.88 on Friday. The stock has a 50-day simple moving average of $64.64 and a two-hundred day simple moving average of $59.93. iShares MSCI Emerging Markets ETF has a 52-week low of $46.15 and a 52-week high of $70.86. The firm has a market capitalization of $30.06 billion, a PE ratio of 14.46 and a beta of 0.73.

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.