NBT Bank N.A. Makes New $5.86 Million Investment in iShares MSCI Emerging Markets ETF $EEM

NBT Bank N.A. purchased a new position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 87,735 shares of the exchange traded fund’s stock, valued at approximately $5,860,000.

Other hedge funds have also made changes to their positions in the company. Bank of America Corp DE grew its position in shares of iShares MSCI Emerging Markets ETF by 22.8% in the first 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 purchasing an additional 6,929,284 shares during the period. Board of Trustees of The Leland Stanford Junior University increased its stake 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. PNC Financial Services Group Inc. increased its stake in iShares MSCI Emerging Markets ETF by 4.3% in the first 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 purchasing an additional 189,366 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in iShares MSCI Emerging Markets ETF by 9.2% during the second quarter. Envestnet Asset Management Inc. now owns 2,704,404 shares of the exchange traded fund’s stock worth $185,008,000 after buying an additional 228,966 shares during the period. Finally, Fifth Third Bancorp lifted its position in iShares MSCI Emerging Markets ETF by 103.3% during the first quarter. Fifth Third Bancorp now owns 1,447,782 shares of the exchange traded fund’s stock worth $82,220,000 after buying an additional 735,539 shares during the period. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Down 2.9%

NYSEARCA EEM opened at $61.72 on Friday. The business’s 50-day moving average price is $66.66 and its 200 day moving average price is $65.90. iShares MSCI Emerging Markets ETF has a twelve month low of $52.38 and a twelve month high of $71.57. The company has a market capitalization of $28.61 billion, a PE ratio of 14.46 and a beta of 0.74.

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). 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.