Allianz SE Makes New Investment in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Allianz SE bought a new stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 353,133 shares of the exchange traded fund’s stock, valued at approximately $14,768,000. Allianz SE owned 0.10% of iShares MSCI Emerging Markets ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of EEM. Allstate Corp acquired a new position in shares of iShares MSCI Emerging Markets ETF in the fourth quarter valued at approximately $58,336,000. Ramirez Asset Management Inc. raised its stake in shares of iShares MSCI Emerging Markets ETF by 446.1% during the 4th quarter. Ramirez Asset Management Inc. now owns 68,125 shares of the exchange traded fund’s stock worth $2,849,000 after buying an additional 55,650 shares in the last quarter. Level Four Advisory Services LLC lifted its holdings in shares of iShares MSCI Emerging Markets ETF by 4.5% in the 4th quarter. Level Four Advisory Services LLC now owns 29,949 shares of the exchange traded fund’s stock valued at $1,252,000 after buying an additional 1,285 shares during the period. Orion Portfolio Solutions LLC boosted its stake in shares of iShares MSCI Emerging Markets ETF by 36.2% in the fourth quarter. Orion Portfolio Solutions LLC now owns 25,496 shares of the exchange traded fund’s stock valued at $1,066,000 after buying an additional 6,783 shares in the last quarter. Finally, Sava Infond d.o.o. purchased a new position in iShares MSCI Emerging Markets ETF in the fourth quarter worth $1,807,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Down 1.9 %

NYSEARCA:EEM opened at $43.77 on Friday. iShares MSCI Emerging Markets ETF has a fifty-two week low of $39.39 and a fifty-two week high of $47.44. The firm’s fifty day simple moving average is $43.80 and its 200-day simple moving average is $43.85. The stock has a market cap of $16.58 billion, a PE ratio of 14.88 and a beta of 0.72.

iShares MSCI Emerging Markets ETF Company 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).