iShares MSCI Emerging Markets ETF $EEM Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC increased its position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 74.9% in the 4th quarter, Holdings Channel reports. The firm owned 6,591,631 shares of the exchange traded fund’s stock after purchasing an additional 2,823,265 shares during the period. Hsbc Holdings PLC’s holdings in iShares MSCI Emerging Markets ETF were worth $360,596,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. MidAtlantic Capital Management Inc. acquired a new stake in iShares MSCI Emerging Markets ETF during the 4th quarter worth $25,000. Hilton Head Capital Partners LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the fourth quarter worth $25,000. BTG Pactual Asset Management US LLC raised its position in shares of iShares MSCI Emerging Markets ETF by 101.3% in the third quarter. BTG Pactual Asset Management US LLC now owns 571 shares of the exchange traded fund’s stock valued at $30,000 after buying an additional 46,071 shares during the last quarter. Elevated Capital Advisors LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the fourth quarter valued at about $31,000. Finally, MidFirst Bank acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the fourth quarter valued at about $31,000. 81.39% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Stock Performance

NYSEARCA:EEM opened at $70.79 on Friday. The company has a market cap of $31.35 billion, a P/E ratio of 14.46 and a beta of 0.73. iShares MSCI Emerging Markets ETF has a twelve month low of $46.15 and a twelve month high of $70.92. The company’s 50-day moving average price is $65.85 and its 200-day moving average price is $60.47.

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.