Sumitomo Mitsui Trust Group Inc. Boosts Stake in iShares MSCI Emerging Markets ETF $EEM

Sumitomo Mitsui Trust Group Inc. increased its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 8.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 220,496 shares of the exchange traded fund’s stock after buying an additional 16,933 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.06% of iShares MSCI Emerging Markets ETF worth $11,774,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. First Horizon Corp purchased a new stake in iShares MSCI Emerging Markets ETF during the 3rd quarter valued at about $439,000. Citizens Financial Group Inc. RI lifted its holdings in shares of iShares MSCI Emerging Markets ETF by 0.4% during the third quarter. Citizens Financial Group Inc. RI now owns 283,238 shares of the exchange traded fund’s stock worth $15,125,000 after purchasing an additional 1,084 shares during the period. Madden Advisory Services Inc. lifted its holdings in shares of iShares MSCI Emerging Markets ETF by 11.7% during the third quarter. Madden Advisory Services Inc. now owns 12,431 shares of the exchange traded fund’s stock worth $664,000 after purchasing an additional 1,299 shares during the period. Bristlecone Advisors LLC boosted its position in iShares MSCI Emerging Markets ETF by 36.5% in the third quarter. Bristlecone Advisors LLC now owns 4,300 shares of the exchange traded fund’s stock valued at $230,000 after buying an additional 1,150 shares during the last quarter. Finally, Macroview Investment Management LLC acquired a new position in iShares MSCI Emerging Markets ETF in the 3rd quarter worth approximately $207,000. 81.39% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Trading Down 0.4%

EEM opened at $57.87 on Friday. iShares MSCI Emerging Markets ETF has a 12-month low of $38.19 and a 12-month high of $58.38. The firm has a 50 day moving average of $54.97 and a two-hundred day moving average of $52.72. The firm has a market capitalization of $23.59 billion, a PE ratio of 14.46 and a beta of 0.64.

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). The Index is designed to measure equity market performance in the global emerging markets. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.