FineMark National Bank & Trust Buys 21,790 Shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

FineMark National Bank & Trust boosted its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 6.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 353,459 shares of the exchange traded fund’s stock after purchasing an additional 21,790 shares during the period. FineMark National Bank & Trust’s holdings in iShares MSCI Emerging Markets ETF were worth $14,213,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. SG Americas Securities LLC grew its holdings in shares of iShares MSCI Emerging Markets ETF by 70.2% in the fourth quarter. SG Americas Securities LLC now owns 3,317,237 shares of the exchange traded fund’s stock worth $133,386,000 after acquiring an additional 1,368,272 shares during the period. Schroder Investment Management Group grew its holdings in shares of iShares MSCI Emerging Markets ETF by 3,860.4% in the third quarter. Schroder Investment Management Group now owns 890,103 shares of the exchange traded fund’s stock worth $33,779,000 after acquiring an additional 867,628 shares during the period. Factory Mutual Insurance Co. grew its holdings in shares of iShares MSCI Emerging Markets ETF by 67.5% in the fourth quarter. Factory Mutual Insurance Co. now owns 1,546,400 shares of the exchange traded fund’s stock worth $62,181,000 after acquiring an additional 623,000 shares during the period. Comerica Bank bought a new stake in shares of iShares MSCI Emerging Markets ETF in the third quarter worth $21,888,000. Finally, International Assets Investment Management LLC grew its holdings in shares of iShares MSCI Emerging Markets ETF by 3,625.8% in the fourth quarter. International Assets Investment Management LLC now owns 565,313 shares of the exchange traded fund’s stock worth $22,731,000 after acquiring an additional 550,140 shares during the period. Institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

NYSEARCA EEM traded down $0.33 on Thursday, hitting $42.89. 24,430,044 shares of the company traded hands, compared to its average volume of 28,504,936. The business’s 50 day moving average price is $41.47 and its 200-day moving average price is $40.18. iShares MSCI Emerging Markets ETF has a 52-week low of $36.38 and a 52-week high of $43.87.

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).