60,868 Shares in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) Purchased by Promus Capital LLC

Promus Capital LLC bought a new position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 60,868 shares of the exchange traded fund’s stock, valued at approximately $2,545,000. iShares MSCI Emerging Markets ETF makes up 2.4% of Promus Capital LLC’s holdings, making the stock its 9th biggest position.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EEM. Compass Planning Associates Inc purchased a new position in iShares MSCI Emerging Markets ETF during the fourth quarter worth about $36,000. Teachers Insurance & Annuity Association of America purchased a new position in shares of iShares MSCI Emerging Markets ETF in the 3rd quarter worth about $37,000. Creative Capital Management Investments LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF in the 4th quarter worth about $38,000. Atmos Advisory LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF in the 4th quarter worth about $40,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF in the 4th quarter worth about $41,000. 81.39% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Trading Up 3.0 %

EEM opened at $44.48 on Thursday. The stock has a 50-day moving average price of $42.92 and a 200-day moving average price of $43.70. iShares MSCI Emerging Markets ETF has a 12-month low of $39.39 and a 12-month high of $47.44. The stock has a market capitalization of $16.47 billion, a P/E ratio of 14.53 and a beta of 0.70.

iShares MSCI Emerging Markets ETF Company 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).