Retirement Systems of Alabama Purchases 9,131,302 Shares of iShares MSCI Emerging Markets ETF $EEM

Retirement Systems of Alabama acquired a new position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 9,131,302 shares of the exchange traded fund’s stock, valued at approximately $609,880,000. iShares MSCI Emerging Markets ETF makes up 1.7% of Retirement Systems of Alabama’s holdings, making the stock its 8th largest holding.

Other institutional investors have also modified their holdings of the company. Bank of America Corp DE boosted its stake in iShares MSCI Emerging Markets ETF by 22.8% during 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 buying an additional 6,929,284 shares in the last quarter. Board of Trustees of The Leland Stanford Junior University grew its holdings in iShares MSCI Emerging Markets ETF by 102.7% during the first 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 acquiring an additional 4,577,226 shares during the period. PNC Financial Services Group Inc. grew its holdings in iShares MSCI Emerging Markets ETF by 4.3% during the first quarter. PNC Financial Services Group Inc. now owns 4,611,088 shares of the exchange traded fund’s stock worth $261,864,000 after acquiring an additional 189,366 shares during the period. Envestnet Asset Management Inc. raised its position in iShares MSCI Emerging Markets ETF by 9.2% in the second quarter. Envestnet Asset Management Inc. now owns 2,704,404 shares of the exchange traded fund’s stock worth $185,008,000 after acquiring an additional 228,966 shares in the last quarter. Finally, ARGA Investment Management LP bought a new stake in iShares MSCI Emerging Markets ETF in the third quarter worth about $147,155,000. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Up 2.9%

Shares of NYSEARCA EEM opened at $61.03 on Tuesday. iShares MSCI Emerging Markets ETF has a twelve month low of $52.38 and a twelve month high of $71.57. The firm has a 50-day moving average of $65.31 and a two-hundred day moving average of $63.89. The company has a market capitalization of $28.29 billion, a price-to-earnings ratio of 14.46 and a beta of 0.77.

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). 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.