Mitsubishi UFJ Trust & Banking Corp Raises Holdings in iShares MSCI Emerging Markets ETF $EEM

Mitsubishi UFJ Trust & Banking Corp grew its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 1.2% in the third quarter, Holdings Channel reports. The firm owned 806,554 shares of the exchange traded fund’s stock after buying an additional 9,672 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in iShares MSCI Emerging Markets ETF were worth $43,070,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc boosted its position in shares of iShares MSCI Emerging Markets ETF by 369.7% during the third quarter. Versant Capital Management Inc now owns 465 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 366 shares during the last quarter. Hemington Wealth Management bought a new position in iShares MSCI Emerging Markets ETF during the 2nd quarter valued at about $34,000. Traub Capital Management LLC bought a new position in iShares MSCI Emerging Markets ETF during the 2nd quarter valued at about $34,000. Gladwyn Financial Advisors Inc. purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the 2nd quarter valued at about $35,000. Finally, Heartwood Wealth Advisors LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF in the third quarter worth approximately $37,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Up 0.6%

EEM opened at $59.07 on Monday. The stock has a market capitalization of $25.28 billion, a price-to-earnings ratio of 14.46 and a beta of 0.64. The firm has a 50 day moving average price of $55.26 and a 200-day moving average price of $53.09. iShares MSCI Emerging Markets ETF has a twelve month low of $38.19 and a twelve month high of $59.15.

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.