20,215 Shares in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) Purchased by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. acquired a new stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 20,215 shares of the exchange traded fund’s stock, valued at approximately $845,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. DRW Securities LLC lifted its position in shares of iShares MSCI Emerging Markets ETF by 603.8% in the third quarter. DRW Securities LLC now owns 2,732,449 shares of the exchange traded fund’s stock valued at $125,310,000 after acquiring an additional 2,344,192 shares in the last quarter. SPX Gestao de Recursos Ltda purchased a new position in iShares MSCI Emerging Markets ETF in the 3rd quarter valued at about $105,980,000. LPL Financial LLC lifted its holdings in iShares MSCI Emerging Markets ETF by 6.2% in the 3rd quarter. LPL Financial LLC now owns 2,118,866 shares of the exchange traded fund’s stock valued at $97,171,000 after purchasing an additional 123,741 shares in the last quarter. Cassaday & Co Wealth Management LLC boosted its stake in shares of iShares MSCI Emerging Markets ETF by 1.5% during the 4th quarter. Cassaday & Co Wealth Management LLC now owns 1,936,480 shares of the exchange traded fund’s stock worth $80,984,000 after purchasing an additional 27,779 shares during the last quarter. Finally, Total Investment Management Inc. grew its holdings in shares of iShares MSCI Emerging Markets ETF by 3.7% during the fourth quarter. Total Investment Management Inc. now owns 1,541,272 shares of the exchange traded fund’s stock worth $64,456,000 after buying an additional 54,732 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

Shares of EEM opened at $42.83 on Tuesday. The company has a market capitalization of $15.86 billion, a price-to-earnings ratio of 14.53 and a beta of 0.70. The company’s 50 day simple moving average is $42.87 and its 200 day simple moving average is $43.69. iShares MSCI Emerging Markets ETF has a 1 year low of $39.39 and a 1 year high of $47.44.

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).