Discovery Capital Management LLC CT Buys Shares of 7,462 iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Discovery Capital Management LLC CT bought a new stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 7,462 shares of the exchange traded fund’s stock, valued at approximately $312,000.

A number of other large investors have also recently made changes to their positions in the stock. StoneX Group Inc. increased its position in iShares MSCI Emerging Markets ETF by 15.9% in the fourth quarter. StoneX Group Inc. now owns 76,492 shares of the exchange traded fund’s stock worth $3,199,000 after purchasing an additional 10,484 shares during the last quarter. Franklin Resources Inc. raised its position in shares of iShares MSCI Emerging Markets ETF by 1.9% during the 4th quarter. Franklin Resources Inc. now owns 515,270 shares of the exchange traded fund’s stock valued at $21,549,000 after buying an additional 9,370 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of iShares MSCI Emerging Markets ETF by 0.8% in the 4th quarter. Alliancebernstein L.P. now owns 159,073 shares of the exchange traded fund’s stock valued at $6,652,000 after acquiring an additional 1,338 shares during the last quarter. Hazlett Burt & Watson Inc. grew its position in iShares MSCI Emerging Markets ETF by 12.5% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 2,712 shares of the exchange traded fund’s stock worth $113,000 after acquiring an additional 302 shares in the last quarter. Finally, Wellington Management Group LLP bought a new stake in iShares MSCI Emerging Markets ETF during the fourth quarter worth approximately $2,106,000. 81.39% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Stock Down 0.2 %

Shares of EEM opened at $43.70 on Tuesday. The company has a market cap of $16.56 billion, a PE ratio of 14.88 and a beta of 0.72. iShares MSCI Emerging Markets ETF has a 52-week low of $39.39 and a 52-week high of $47.44. The business has a fifty day moving average of $43.83 and a 200 day moving average of $43.88.

iShares MSCI Emerging Markets ETF 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).