Gradient Investments LLC Makes New Investment in iShares MSCI Emerging Markets ETF $EEM

Gradient Investments 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 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 678,267 shares of the exchange traded fund’s stock, valued at approximately $45,301,000. Gradient Investments LLC owned about 0.15% of iShares MSCI Emerging Markets ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of America Corp DE increased its stake in iShares MSCI Emerging Markets ETF by 22.8% in 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 purchasing an additional 6,929,284 shares in the last quarter. Board of Trustees of The Leland Stanford Junior University raised its stake in shares of iShares MSCI Emerging Markets ETF by 102.7% during 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. Hsbc Holdings PLC grew its stake in iShares MSCI Emerging Markets ETF by 74.9% in the 4th quarter. Hsbc Holdings PLC now owns 6,591,631 shares of the exchange traded fund’s stock valued at $360,596,000 after acquiring an additional 2,823,265 shares during the last quarter. Fifth Third Bancorp increased its holdings in iShares MSCI Emerging Markets ETF by 103.3% during the 1st quarter. Fifth Third Bancorp now owns 1,447,782 shares of the exchange traded fund’s stock valued at $82,220,000 after acquiring an additional 735,539 shares in the last quarter. Finally, Gemsstock Ltd. increased its holdings in iShares MSCI Emerging Markets ETF by 1,205.3% during the 4th quarter. Gemsstock Ltd. now owns 678,757 shares of the exchange traded fund’s stock valued at $38,650,000 after acquiring an additional 626,757 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 Stock Performance

EEM stock traded down $1.63 on Thursday, reaching $65.74. The company had a trading volume of 15,872,668 shares, compared to its average volume of 31,462,859. The company’s fifty day moving average is $66.86 and its 200 day moving average is $65.28. The company has a market cap of $30.47 billion, a P/E ratio of 14.46 and a beta of 0.74. iShares MSCI Emerging Markets ETF has a 1 year low of $51.82 and a 1 year high of $71.57.

About iShares MSCI Emerging Markets ETF

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.