Washington Trust Bank Grows Stake in iShares MSCI Emerging Markets ETF $EEM

Washington Trust Bank raised its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 55.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 98,845 shares of the exchange traded fund’s stock after purchasing an additional 35,108 shares during the period. Washington Trust Bank’s holdings in iShares MSCI Emerging Markets ETF were worth $5,278,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Brighton Jones LLC raised its stake in iShares MSCI Emerging Markets ETF by 1.7% in the fourth quarter. Brighton Jones LLC now owns 118,587 shares of the exchange traded fund’s stock valued at $4,959,000 after buying an additional 1,940 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of iShares MSCI Emerging Markets ETF by 13.3% in the first quarter. AQR Capital Management LLC now owns 80,248 shares of the exchange traded fund’s stock worth $3,507,000 after buying an additional 9,437 shares during the last quarter. SageView Advisory Group LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF during the first quarter worth $240,000. Modern Wealth Management LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the first quarter valued at $525,000. Finally, Harbor Investment Advisory LLC increased its position in shares of iShares MSCI Emerging Markets ETF by 7.8% in the 2nd quarter. Harbor Investment Advisory LLC now owns 13,757 shares of the exchange traded fund’s stock valued at $664,000 after acquiring an additional 1,000 shares during the period. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of EEM opened at $57.14 on Friday. The stock has a 50-day moving average of $54.68 and a two-hundred day moving average of $52.38. The stock has a market cap of $22.60 billion, a P/E ratio of 14.46 and a beta of 0.64. iShares MSCI Emerging Markets ETF has a one year low of $38.19 and a one year high of $57.43.

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.