Everstar Asset Management LLC Buys 1,143 Shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Everstar Asset Management LLC boosted its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 33,642 shares of the exchange traded fund’s stock after acquiring an additional 1,143 shares during the period. iShares MSCI Emerging Markets ETF accounts for about 1.0% of Everstar Asset Management LLC’s holdings, making the stock its 24th biggest position. Everstar Asset Management LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $1,407,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EEM. JPMorgan Chase & Co. lifted its position in shares of iShares MSCI Emerging Markets ETF by 1,724.2% during the 4th quarter. JPMorgan Chase & Co. now owns 7,426,742 shares of the exchange traded fund’s stock valued at $310,586,000 after buying an additional 7,883,989 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in iShares MSCI Emerging Markets ETF by 4,632.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,272,659 shares of the exchange traded fund’s stock valued at $136,863,000 after purchasing an additional 3,203,501 shares during the last quarter. SPX Gestao de Recursos Ltda bought a new position in iShares MSCI Emerging Markets ETF during the third quarter worth about $105,980,000. Raymond James Financial Inc. purchased a new position in shares of iShares MSCI Emerging Markets ETF in the fourth quarter worth about $67,244,000. Finally, Allstate Corp bought a new stake in shares of iShares MSCI Emerging Markets ETF in the fourth quarter valued at approximately $58,336,000. 81.39% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Trading Down 1.9 %

EEM opened at $43.77 on Monday. iShares MSCI Emerging Markets ETF has a 12 month low of $39.39 and a 12 month high of $47.44. The company has a market cap of $16.58 billion, a PE ratio of 14.88 and a beta of 0.72. The company has a 50 day moving average of $43.80 and a 200 day moving average of $43.87.

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).