Csenge Advisory Group Raises Stock Position in iShares MSCI Emerging Markets ETF $EEM

Csenge Advisory Group raised its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 858.1% in the 4th quarter, HoldingsChannel reports. The firm owned 54,192 shares of the exchange traded fund’s stock after purchasing an additional 48,536 shares during the period. Csenge Advisory Group’s holdings in iShares MSCI Emerging Markets ETF were worth $2,965,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in EEM. Clal Insurance Enterprises Holdings Ltd bought a new stake in iShares MSCI Emerging Markets ETF during the 3rd quarter valued at $407,231,000. Mariner LLC raised its holdings in iShares MSCI Emerging Markets ETF by 23.8% in the 3rd quarter. Mariner LLC now owns 2,324,614 shares of the exchange traded fund’s stock worth $124,134,000 after purchasing an additional 447,010 shares in the last quarter. Raymond James Financial Inc. raised its holdings in iShares MSCI Emerging Markets ETF by 18.3% in the 2nd quarter. Raymond James Financial Inc. now owns 2,031,899 shares of the exchange traded fund’s stock worth $98,019,000 after purchasing an additional 313,978 shares in the last quarter. National Bank of Canada FI grew its position in shares of iShares MSCI Emerging Markets ETF by 21,534.1% in the 3rd quarter. National Bank of Canada FI now owns 1,979,092 shares of the exchange traded fund’s stock worth $105,689,000 after buying an additional 1,969,944 shares during the period. Finally, Duquesne Family Office LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the 3rd quarter worth about $101,460,000. 81.39% of the stock is currently owned by institutional investors.

iShares MSCI Emerging Markets ETF Price Performance

NYSEARCA:EEM opened at $64.26 on Wednesday. iShares MSCI Emerging Markets ETF has a 1-year low of $45.23 and a 1-year high of $68.15. The firm’s 50-day moving average price is $60.94 and its 200-day moving average price is $58.35. The company has a market capitalization of $28.45 billion, a PE ratio of 14.46 and a beta of 0.71.

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.