Penobscot Investment Management Company Inc. Boosts Stock Holdings in iShares MSCI Emerging Markets ETF $EEM

Penobscot Investment Management Company Inc. increased its position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 52.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 74,026 shares of the exchange traded fund’s stock after buying an additional 25,509 shares during the period. Penobscot Investment Management Company Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $4,204,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Founders Financial Securities LLC increased its holdings in iShares MSCI Emerging Markets ETF by 0.3% in the first quarter. Founders Financial Securities LLC now owns 52,222 shares of the exchange traded fund’s stock valued at $3,148,000 after buying an additional 163 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its stake in shares of iShares MSCI Emerging Markets ETF by 5.3% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 3,388 shares of the exchange traded fund’s stock worth $184,000 after acquiring an additional 169 shares in the last quarter. Cim LLC grew its position in shares of iShares MSCI Emerging Markets ETF by 3.0% during the 4th quarter. Cim LLC now owns 6,326 shares of the exchange traded fund’s stock valued at $346,000 after acquiring an additional 182 shares during the period. Nicolet Advisory Services LLC increased its stake in shares of iShares MSCI Emerging Markets ETF by 2.9% in the 4th quarter. Nicolet Advisory Services LLC now owns 6,516 shares of the exchange traded fund’s stock valued at $378,000 after purchasing an additional 184 shares in the last quarter. Finally, Vivaldi Capital Management LP increased its stake in shares of iShares MSCI Emerging Markets ETF by 1.7% in the 4th quarter. Vivaldi Capital Management LP now owns 11,128 shares of the exchange traded fund’s stock valued at $609,000 after purchasing an additional 186 shares in the last quarter. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Down 2.7%

NYSEARCA EEM opened at $65.72 on Wednesday. The stock has a market capitalization of $29.10 billion, a price-to-earnings ratio of 14.46 and a beta of 0.72. The stock has a 50-day moving average of $67.06 and a 200 day moving average of $61.62. iShares MSCI Emerging Markets ETF has a twelve month low of $47.98 and a twelve month high of $71.57.

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.