Allstate Corp Invests $58.34 Million in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Allstate Corp purchased a new stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,394,920 shares of the exchange traded fund’s stock, valued at approximately $58,336,000. iShares MSCI Emerging Markets ETF makes up approximately 1.7% of Allstate Corp’s investment portfolio, making the stock its 12th biggest holding. Allstate Corp owned about 0.38% of iShares MSCI Emerging Markets ETF as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Ramirez Asset Management Inc. boosted its stake in iShares MSCI Emerging Markets ETF by 446.1% in the fourth quarter. Ramirez Asset Management Inc. now owns 68,125 shares of the exchange traded fund’s stock valued at $2,849,000 after acquiring an additional 55,650 shares in the last quarter. Level Four Advisory Services LLC boosted its position 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 purchasing an additional 1,285 shares during the period. Orion Portfolio Solutions LLC grew its stake in iShares MSCI Emerging Markets ETF by 36.2% during the 4th quarter. Orion Portfolio Solutions LLC now owns 25,496 shares of the exchange traded fund’s stock worth $1,066,000 after buying an additional 6,783 shares during the last quarter. Sava Infond d.o.o. acquired a new position in iShares MSCI Emerging Markets ETF during the fourth quarter worth approximately $1,807,000. Finally, JPMorgan Chase & Co. increased its position in iShares MSCI Emerging Markets ETF by 1,724.2% during the fourth quarter. JPMorgan Chase & Co. now owns 7,426,742 shares of the exchange traded fund’s stock worth $310,586,000 after buying an additional 7,883,989 shares during the period. 81.39% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Price Performance

Shares of NYSEARCA:EEM opened at $43.77 on Friday. iShares MSCI Emerging Markets ETF has a 1-year low of $39.39 and a 1-year high of $47.44. The stock has a market cap of $16.58 billion, a P/E ratio of 14.88 and a beta of 0.72. The firm has a fifty day moving average price of $43.80 and a 200 day moving average price of $43.85.

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).