iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) Shares Purchased by Prudential Financial Inc.

Prudential Financial Inc. grew its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 9.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 655,380 shares of the exchange traded fund’s stock after purchasing an additional 57,968 shares during the period. Prudential Financial Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $27,408,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. LPL Financial LLC boosted its position in iShares MSCI Emerging Markets ETF by 14.8% during the 4th quarter. LPL Financial LLC now owns 2,431,417 shares of the exchange traded fund’s stock worth $101,682,000 after purchasing an additional 312,551 shares during the period. SPX Gestao de Recursos Ltda purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the third quarter worth about $105,980,000. Cassaday & Co Wealth Management LLC grew its stake in shares of iShares MSCI Emerging Markets ETF by 1.5% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 1,936,480 shares of the exchange traded fund’s stock valued at $80,984,000 after buying an additional 27,779 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the 4th quarter valued at about $67,244,000. Finally, Total Investment Management Inc. lifted its position in iShares MSCI Emerging Markets ETF by 3.7% during the 4th quarter. Total Investment Management Inc. now owns 1,541,272 shares of the exchange traded fund’s stock worth $64,456,000 after acquiring an additional 54,732 shares in the last quarter. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Down 0.6 %

Shares of NYSEARCA:EEM opened at $44.38 on Thursday. The company has a market capitalization of $16.82 billion, a price-to-earnings ratio of 14.88 and a beta of 0.72. The company has a 50 day moving average of $43.71 and a two-hundred day moving average of $43.83. iShares MSCI Emerging Markets ETF has a 52-week low of $39.39 and a 52-week high of $47.44.

iShares MSCI Emerging Markets ETF Company 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).