iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) Shares Purchased by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. boosted its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 5.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 205,583 shares of the exchange traded fund’s stock after buying an additional 11,287 shares during the period. Cullen Frost Bankers Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $8,597,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. increased its holdings in shares of iShares MSCI Emerging Markets ETF by 18.4% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 4,980 shares of the exchange traded fund’s stock worth $228,000 after buying an additional 775 shares during the last quarter. Concurrent Investment Advisors LLC increased its stake in iShares MSCI Emerging Markets ETF by 729.0% during the third quarter. Concurrent Investment Advisors LLC now owns 72,326 shares of the exchange traded fund’s stock worth $3,317,000 after acquiring an additional 63,602 shares during the last quarter. US Financial Advisors LLC raised its holdings in shares of iShares MSCI Emerging Markets ETF by 1.9% in the 3rd quarter. US Financial Advisors LLC now owns 198,132 shares of the exchange traded fund’s stock worth $9,086,000 after purchasing an additional 3,617 shares during the period. Financial Services Advisory Inc lifted its stake in shares of iShares MSCI Emerging Markets ETF by 3.1% in the 3rd quarter. Financial Services Advisory Inc now owns 20,582 shares of the exchange traded fund’s stock valued at $944,000 after purchasing an additional 623 shares in the last quarter. Finally, Washington Trust Bank lifted its stake in shares of iShares MSCI Emerging Markets ETF by 12.2% in the 3rd quarter. Washington Trust Bank now owns 38,977 shares of the exchange traded fund’s stock valued at $1,787,000 after purchasing an additional 4,234 shares in the last quarter. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

EEM opened at $44.20 on Friday. iShares MSCI Emerging Markets ETF has a 1 year low of $39.39 and a 1 year high of $47.44. The firm has a 50 day moving average price of $42.95 and a 200 day moving average price of $43.70. The company has a market cap of $16.37 billion, a PE ratio of 14.53 and a beta of 0.70.

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).