iShares MSCI Emerging Markets ETF $EEM Shares Newly Purchased by Canandaigua National Trust Co of Florida

Canandaigua National Trust Co of Florida acquired a new position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 11,561 shares of the exchange traded fund’s stock, valued at approximately $772,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Bancorp Inc ME bought a new position in shares of iShares MSCI Emerging Markets ETF in the second quarter valued at approximately $37,000. Hilton Head Capital Partners LLC bought a new stake in iShares MSCI Emerging Markets ETF during the fourth quarter worth $25,000. Merkkuri Wealth Advisors LLC bought a new stake in iShares MSCI Emerging Markets ETF during the first quarter worth $27,000. MidFirst Bank purchased a new stake in iShares MSCI Emerging Markets ETF in the 4th quarter valued at $31,000. Finally, Windsor Advisory Group LLC purchased a new stake in iShares MSCI Emerging Markets ETF in the 4th quarter valued at $32,000. 81.39% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Stock Down 1.3%

NYSEARCA:EEM traded down $0.90 during trading hours on Wednesday, hitting $67.37. 17,173,468 shares of the company traded hands, compared to its average volume of 31,548,367. The firm’s 50-day simple moving average is $66.73 and its 200-day simple moving average is $65.21. iShares MSCI Emerging Markets ETF has a one year low of $51.82 and a one year high of $71.57. The company has a market cap of $31.23 billion, a PE ratio of 14.46 and a beta of 0.74.

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). 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.