136,256 Shares of iShares MSCI Emerging Markets ETF $EEM Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the third quarter, Holdings Channel reports. The fund acquired 136,256 shares of the exchange traded fund’s stock, valued at approximately $9,101,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of America Corp DE lifted its stake in shares of 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 acquiring 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% during the 1st 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 acquiring an additional 4,577,226 shares during the period. PNC Financial Services Group Inc. boosted its holdings in 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 acquiring an additional 189,366 shares during the period. Envestnet Asset Management Inc. boosted its holdings in iShares MSCI Emerging Markets ETF by 9.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,704,404 shares of the exchange traded fund’s stock valued at $185,008,000 after acquiring an additional 228,966 shares during the period. Finally, Fifth Third Bancorp boosted its holdings in iShares MSCI Emerging Markets ETF by 103.3% during the 1st quarter. Fifth Third Bancorp now owns 1,447,782 shares of the exchange traded fund’s stock valued at $82,220,000 after acquiring an additional 735,539 shares during the period. 81.39% of the stock is owned by institutional investors.

iShares MSCI Emerging Markets ETF Price Performance

EEM opened at $62.52 on Wednesday. The stock’s 50 day simple moving average is $66.33 and its 200 day simple moving average is $63.74. iShares MSCI Emerging Markets ETF has a 1 year low of $52.38 and a 1 year high of $71.57. The firm has a market cap of $28.98 billion, a price-to-earnings ratio of 14.46 and a beta of 0.74.

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.