Navellier & Associates Inc. Makes New Investment in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Navellier & Associates Inc. bought a new stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 22,127 shares of the exchange traded fund’s stock, valued at approximately $925,000.

Other hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC grew its stake in iShares MSCI Emerging Markets ETF by 4,429.5% in the third quarter. International Assets Investment Management LLC now owns 313,035 shares of the exchange traded fund’s stock worth $14,356,000 after purchasing an additional 306,124 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the 3rd quarter valued at $982,000. Horizon Bancorp Inc. IN lifted its holdings in shares of iShares MSCI Emerging Markets ETF by 25.0% during the 3rd quarter. Horizon Bancorp Inc. IN now owns 126,338 shares of the exchange traded fund’s stock valued at $5,794,000 after purchasing an additional 25,255 shares during the last quarter. Covenant Partners LLC raised its stake in iShares MSCI Emerging Markets ETF by 3,291.7% in the 3rd quarter. Covenant Partners LLC now owns 814 shares of the exchange traded fund’s stock worth $37,000 after acquiring an additional 790 shares during the last quarter. Finally, Bristlecone Advisors LLC purchased a new position in iShares MSCI Emerging Markets ETF in the 3rd quarter worth $65,000. Institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of EEM stock opened at $44.90 on Friday. The business has a fifty day moving average of $42.72 and a 200 day moving average of $43.61. 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).