Mitsubishi UFJ Asset Management Co. Ltd. Has $1.88 Million Holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 16.5% during the fourth quarter, HoldingsChannel reports. The firm owned 44,669 shares of the exchange traded fund’s stock after buying an additional 6,323 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in iShares MSCI Emerging Markets ETF were worth $1,883,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. SPX Gestao de Recursos Ltda bought a new position in shares of iShares MSCI Emerging Markets ETF in the 3rd quarter worth about $105,980,000. Raymond James Financial Inc. bought a new stake in iShares MSCI Emerging Markets ETF in the fourth quarter valued at $67,244,000. Granite Bay Wealth Management LLC acquired a new position in shares of iShares MSCI Emerging Markets ETF during the fourth quarter valued at about $13,839,000. LPL Financial LLC boosted its position in shares of iShares MSCI Emerging Markets ETF by 14.8% during the 4th quarter. LPL Financial LLC now owns 2,431,417 shares of the exchange traded fund’s stock worth $101,682,000 after purchasing an additional 312,551 shares in the last quarter. Finally, CHURCHILL MANAGEMENT Corp acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the 4th quarter valued at about $12,101,000. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of NYSEARCA:EEM opened at $43.84 on Wednesday. iShares MSCI Emerging Markets ETF has a 52-week low of $39.39 and a 52-week high of $47.44. The business’s 50 day simple moving average is $43.86 and its two-hundred day simple moving average is $43.89. The firm has a market cap of $16.67 billion, a P/E ratio of 14.53 and a beta of 0.63.

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).