Calamos Wealth Management LLC Makes New $6.13 Million Investment in iShares MSCI Emerging Markets ETF $EEM

Calamos Wealth Management LLC purchased a new position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 91,728 shares of the exchange traded fund’s stock, valued at approximately $6,127,000.

A number of other large investors also recently added to or reduced their stakes in EEM. Bank of America Corp DE grew its position in shares of iShares MSCI Emerging Markets ETF by 22.8% in the first quarter. Bank of America Corp DE now owns 37,337,990 shares of the exchange traded fund’s stock valued at $2,120,424,000 after purchasing an additional 6,929,284 shares during the period. Board of Trustees of The Leland Stanford Junior University raised its position in shares of iShares MSCI Emerging Markets ETF by 102.7% during the 1st quarter. Board of Trustees of The Leland Stanford Junior University now owns 9,035,926 shares of the exchange traded fund’s stock worth $513,150,000 after purchasing an additional 4,577,226 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in iShares MSCI Emerging Markets ETF by 4.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,611,088 shares of the exchange traded fund’s stock valued at $261,864,000 after buying an additional 189,366 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in iShares MSCI Emerging Markets ETF by 9.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,704,404 shares of the exchange traded fund’s stock valued at $185,008,000 after buying an additional 228,966 shares in the last quarter. Finally, ARGA Investment Management LP purchased a new position in iShares MSCI Emerging Markets ETF in the 3rd quarter valued at about $147,155,000. 81.39% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Price Performance

EEM stock traded up $1.28 during trading on Friday, hitting $59.33. The stock had a trading volume of 41,694,298 shares, compared to its average volume of 30,996,605. iShares MSCI Emerging Markets ETF has a twelve month low of $52.38 and a twelve month high of $71.57. The company’s 50-day moving average price is $65.43 and its two-hundred day moving average price is $63.88. The stock has a market capitalization of $27.50 billion, a P/E ratio of 14.46 and a beta of 0.77.

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.