Promus Capital LLC Takes Position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Promus Capital LLC bought a new stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 60,868 shares of the exchange traded fund’s stock, valued at approximately $2,545,000. iShares MSCI Emerging Markets ETF comprises about 2.4% of Promus Capital LLC’s investment portfolio, making the stock its 9th largest holding.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Compass Planning Associates Inc bought a new stake in shares of iShares MSCI Emerging Markets ETF in the 4th quarter valued at about $36,000. Teachers Insurance & Annuity Association of America bought a new stake in shares of iShares MSCI Emerging Markets ETF in the 3rd quarter valued at about $37,000. Creative Capital Management Investments LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF in the 4th quarter valued at about $38,000. Atmos Advisory LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF in the 4th quarter valued at about $40,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF in the 4th quarter valued at about $41,000. Institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Up 3.0 %

NYSEARCA EEM opened at $44.48 on Thursday. iShares MSCI Emerging Markets ETF has a 1-year low of $39.39 and a 1-year high of $47.44. The stock has a 50-day moving average of $42.92 and a 200-day moving average of $43.70. The firm has a market cap of $16.47 billion, a PE ratio of 14.53 and a beta of 0.70.

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).