iShares MSCI Emerging Markets ETF $EEM Shares Newly Acquired by Gradient Investments LLC

Gradient Investments LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 678,267 shares of the exchange traded fund’s stock, valued at approximately $45,301,000.

Other large investors have also added to or reduced their stakes in the company. Bank of America Corp DE boosted its position in iShares MSCI Emerging Markets ETF by 22.8% in the 1st quarter. Bank of America Corp DE now owns 37,337,990 shares of the exchange traded fund’s stock valued at $2,120,424,000 after buying an additional 6,929,284 shares during the last quarter. Board of Trustees of The Leland Stanford Junior University boosted its holdings in iShares MSCI Emerging Markets ETF by 102.7% in the first quarter. Board of Trustees of The Leland Stanford Junior University now owns 9,035,926 shares of the exchange traded fund’s stock valued at $513,150,000 after purchasing an additional 4,577,226 shares during the last quarter. Hsbc Holdings PLC boosted its stake in shares of iShares MSCI Emerging Markets ETF by 74.9% during the 4th quarter. Hsbc Holdings PLC now owns 6,591,631 shares of the exchange traded fund’s stock valued at $360,596,000 after buying an additional 2,823,265 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of iShares MSCI Emerging Markets ETF by 4.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,611,088 shares of the exchange traded fund’s stock valued at $261,864,000 after buying an additional 189,366 shares during the last quarter. Finally, LPL Financial LLC grew its position in shares of iShares MSCI Emerging Markets ETF by 6.1% during the fourth quarter. LPL Financial LLC now owns 3,401,849 shares of the exchange traded fund’s stock worth $186,115,000 after buying an additional 196,473 shares in the last quarter. 81.39% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Price Performance

Shares of NYSEARCA:EEM traded down $1.63 during midday trading on Thursday, reaching $65.74. The company had a trading volume of 15,872,668 shares, compared to its average volume of 31,462,859. The stock has a market capitalization of $30.47 billion, a P/E ratio of 14.46 and a beta of 0.74. The stock’s fifty day moving average price is $66.86 and its 200-day moving average price is $65.28. iShares MSCI Emerging Markets ETF has a one year low of $51.82 and a one year 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.