SB Capital Management Inc Makes New Investment in iShares MSCI Emerging Markets ETF $EEM

SB Capital Management Inc purchased a new stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 9,918 shares of the exchange traded fund’s stock, valued at approximately $543,000.

Other hedge funds have also recently made changes to their positions in the company. Larch Capital Partners LLC bought a new stake in iShares MSCI Emerging Markets ETF during the fourth quarter valued at $3,601,000. Sunbelt Securities Inc. increased its stake in iShares MSCI Emerging Markets ETF by 4.8% in the 4th quarter. Sunbelt Securities Inc. now owns 42,750 shares of the exchange traded fund’s stock worth $2,339,000 after acquiring an additional 1,948 shares during the last quarter. Cambient Family Office LLC bought a new position in iShares MSCI Emerging Markets ETF in the 4th quarter worth about $2,281,000. Compound Planning Inc. increased its stake in iShares MSCI Emerging Markets ETF by 66.5% in the 4th quarter. Compound Planning Inc. now owns 8,926 shares of the exchange traded fund’s stock worth $488,000 after acquiring an additional 3,564 shares during the last quarter. Finally, Lexington Hill Partners LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the 4th quarter valued at about $1,330,000. 81.39% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Trading Up 3.3%

Shares of EEM opened at $70.79 on Friday. The company has a market cap of $31.35 billion, a PE ratio of 14.46 and a beta of 0.73. The stock has a 50-day moving average price of $65.64 and a 200-day moving average price of $60.40. iShares MSCI Emerging Markets ETF has a 12-month low of $46.15 and a 12-month high of $70.92.

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.