Joseph Group Capital Management Raises Stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Joseph Group Capital Management boosted its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 25.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 2,595 shares of the exchange traded fund’s stock after buying an additional 527 shares during the period. Joseph Group Capital Management’s holdings in iShares MSCI Emerging Markets ETF were worth $109,000 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 EEM. JPMorgan Chase & Co. lifted its stake in shares of 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 purchasing an additional 7,883,989 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of iShares MSCI Emerging Markets ETF by 4,632.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,272,659 shares of the exchange traded fund’s stock valued at $136,863,000 after buying an additional 3,203,501 shares in the last quarter. SPX Gestao de Recursos Ltda purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the 3rd quarter valued at about $105,980,000. Raymond James Financial Inc. acquired a new position in iShares MSCI Emerging Markets ETF during the 4th quarter worth approximately $67,244,000. Finally, Allstate Corp acquired a new position in iShares MSCI Emerging Markets ETF during the 4th quarter worth approximately $58,336,000. 81.39% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Stock Down 1.9 %

Shares of NYSEARCA:EEM opened at $43.77 on Friday. The company has a market capitalization of $16.58 billion, a price-to-earnings ratio of 14.88 and a beta of 0.72. The company has a 50 day moving average of $43.80 and a two-hundred day moving average of $43.86. iShares MSCI Emerging Markets ETF has a 52-week low of $39.39 and a 52-week high of $47.44.

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).