Idaho Trust Bank Boosts Position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Idaho Trust Bank raised its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 31.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,346 shares of the exchange traded fund’s stock after buying an additional 1,778 shares during the quarter. Idaho Trust Bank’s holdings in iShares MSCI Emerging Markets ETF were worth $307,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in EEM. Pillar Financial Advisors LLC purchased a new position in iShares MSCI Emerging Markets ETF during the 4th quarter valued at about $28,000. Compass Planning Associates Inc purchased a new position in shares of iShares MSCI Emerging Markets ETF during the fourth quarter worth about $36,000. Teachers Insurance & Annuity Association of America purchased a new position in shares of iShares MSCI Emerging Markets ETF during the third quarter worth about $37,000. Creative Capital Management Investments LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF during the fourth quarter worth about $38,000. Finally, Atmos Advisory LLC bought a new stake in iShares MSCI Emerging Markets ETF in the 4th quarter worth approximately $40,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

NYSEARCA:EEM opened at $43.72 on Wednesday. The business has a 50 day moving average of $43.06 and a 200 day moving average of $43.71. The company has a market capitalization of $16.19 billion, a price-to-earnings ratio of 14.53 and a beta of 0.70. iShares MSCI Emerging Markets ETF has a 1-year low of $39.39 and a 1-year high of $47.44.

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).