Eastern Bank Makes New $200,000 Investment in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Eastern Bank purchased a new stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the third quarter, according to its most recent filing with the SEC. The fund purchased 4,371 shares of the exchange traded fund’s stock, valued at approximately $200,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jane Street Group LLC raised its holdings in shares of iShares MSCI Emerging Markets ETF by 15.2% during the first quarter. Jane Street Group LLC now owns 24,776,158 shares of the exchange traded fund’s stock worth $1,017,805,000 after purchasing an additional 3,270,493 shares during the period. OLD Mission Capital LLC bought a new position in iShares MSCI Emerging Markets ETF in the first quarter worth about $880,516,000. Bank of Montreal Can boosted its stake in iShares MSCI Emerging Markets ETF by 91.1% in the second quarter. Bank of Montreal Can now owns 7,092,851 shares of the exchange traded fund’s stock valued at $302,014,000 after acquiring an additional 3,382,010 shares during the period. LPL Financial LLC grew its holdings in shares of iShares MSCI Emerging Markets ETF by 1.8% during the second quarter. LPL Financial LLC now owns 1,995,125 shares of the exchange traded fund’s stock valued at $84,972,000 after purchasing an additional 35,297 shares during the last quarter. Finally, Nisa Investment Advisors LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF during the 2nd quarter worth approximately $74,532,000. 81.39% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Stock Performance

NYSEARCA:EEM opened at $45.16 on Friday. The business has a 50 day simple moving average of $44.38 and a 200 day simple moving average of $43.02. iShares MSCI Emerging Markets ETF has a 12-month low of $36.40 and a 12-month high of $47.44.

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).