Gemsstock Ltd. Has $38.65 Million Position in iShares MSCI Emerging Markets ETF $EEM

Gemsstock Ltd. lifted its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 1,205.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 678,757 shares of the exchange traded fund’s stock after buying an additional 626,757 shares during the quarter. iShares MSCI Emerging Markets ETF comprises 5.6% of Gemsstock Ltd.’s portfolio, making the stock its 7th biggest holding. Gemsstock Ltd.’s holdings in iShares MSCI Emerging Markets ETF were worth $38,650,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. MidAtlantic Capital Management Inc. bought a new position in shares of iShares MSCI Emerging Markets ETF in the fourth quarter worth about $25,000. Hilton Head Capital Partners LLC bought a new position in shares of iShares MSCI Emerging Markets ETF in the fourth quarter worth about $25,000. BTG Pactual Asset Management US LLC boosted its stake in shares of iShares MSCI Emerging Markets ETF by 101.3% in the third quarter. BTG Pactual Asset Management US LLC now owns 571 shares of the exchange traded fund’s stock worth $30,000 after acquiring an additional 46,071 shares during the period. Elevated Capital Advisors LLC bought a new position in shares of iShares MSCI Emerging Markets ETF in the fourth quarter worth about $31,000. Finally, Jessup Wealth Management Inc bought a new position in shares of iShares MSCI Emerging Markets ETF in the fourth quarter worth about $31,000. Institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Up 0.6%

NYSEARCA EEM opened at $67.88 on Friday. The firm has a market cap of $30.06 billion, a price-to-earnings ratio of 14.46 and a beta of 0.73. The business has a 50-day moving average price of $64.64 and a 200-day moving average price of $59.93. iShares MSCI Emerging Markets ETF has a twelve month low of $46.15 and a twelve month high of $70.86.

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). The Index is designed to measure equity market performance in the global emerging markets. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.