EFG Asset Management Americas Corp. Acquires 40,739 Shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

EFG Asset Management Americas Corp. grew its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 41.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 139,575 shares of the exchange traded fund’s stock after buying an additional 40,739 shares during the period. iShares MSCI Emerging Markets ETF accounts for approximately 1.1% of EFG Asset Management Americas Corp.’s holdings, making the stock its 28th biggest position. EFG Asset Management Americas Corp.’s holdings in iShares MSCI Emerging Markets ETF were worth $5,837,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of EEM. Teachers Insurance & Annuity Association of America bought a new position in iShares MSCI Emerging Markets ETF during the 3rd quarter valued at about $37,000. Compass Planning Associates Inc purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the 4th quarter valued at about $36,000. Creative Capital Management Investments LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the 4th quarter valued at about $38,000. Atmos Advisory LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the 4th quarter valued at about $40,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the 4th quarter valued at about $41,000. Institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Down 0.6 %

NYSEARCA EEM opened at $44.20 on Friday. iShares MSCI Emerging Markets ETF has a 52 week low of $39.39 and a 52 week high of $47.44. The firm has a market capitalization of $16.37 billion, a P/E ratio of 14.53 and a beta of 0.70. The company has a 50-day moving average price of $42.95 and a 200-day moving average price of $43.70.

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).