7,462 Shares in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) Acquired by Discovery Capital Management LLC CT

Discovery Capital Management LLC CT bought a new stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 7,462 shares of the exchange traded fund’s stock, valued at approximately $312,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in EEM. JPMorgan Chase & Co. increased its position in 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 in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of iShares MSCI Emerging Markets ETF by 4,632.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,272,659 shares of the exchange traded fund’s stock valued at $136,863,000 after acquiring an additional 3,203,501 shares during the last quarter. SPX Gestao de Recursos Ltda acquired a new stake in iShares MSCI Emerging Markets ETF during the 3rd quarter worth about $105,980,000. Raymond James Financial Inc. purchased a new stake in iShares MSCI Emerging Markets ETF in the 4th quarter worth approximately $67,244,000. Finally, Allstate Corp purchased a new stake in iShares MSCI Emerging Markets ETF during the fourth quarter worth $58,336,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

Shares of NYSEARCA:EEM opened at $43.70 on Tuesday. The firm has a market capitalization of $16.56 billion, a price-to-earnings ratio of 14.88 and a beta of 0.72. The business’s 50 day moving average price is $43.83 and its 200-day moving average price is $43.88. iShares MSCI Emerging Markets ETF has a 1 year low of $39.39 and a 1 year 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).