Cinctive Capital Management LP Buys New Position in iShares MSCI Emerging Markets ETF $EEM

Cinctive Capital Management LP purchased a new position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 18,735 shares of the exchange traded fund’s stock, valued at approximately $1,000,000.

Other institutional investors also recently added to or reduced their stakes in the company. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of iShares MSCI Emerging Markets ETF in the 3rd quarter valued at $407,231,000. Corient Private Wealth LLC boosted its stake in iShares MSCI Emerging Markets ETF by 206.0% during the 2nd quarter. Corient Private Wealth LLC now owns 3,240,329 shares of the exchange traded fund’s stock worth $156,313,000 after purchasing an additional 2,181,269 shares during the period. Invesco Ltd. acquired a new stake in iShares MSCI Emerging Markets ETF during the 2nd quarter worth $100,644,000. Duquesne Family Office LLC purchased a new position in iShares MSCI Emerging Markets ETF during the 3rd quarter worth $101,460,000. Finally, Bank of Nova Scotia increased its stake in iShares MSCI Emerging Markets ETF by 314.6% in the second quarter. Bank of Nova Scotia now owns 2,240,422 shares of the exchange traded fund’s stock valued at $108,078,000 after purchasing an additional 1,700,100 shares during the period. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of NYSEARCA:EEM opened at $58.38 on Tuesday. The company has a 50-day simple moving average of $59.41 and a 200-day simple moving average of $55.79. iShares MSCI Emerging Markets ETF has a one year low of $38.19 and a one year high of $65.96. The stock has a market capitalization of $26.61 billion, a price-to-earnings ratio of 14.46 and a beta of 0.64.

About iShares MSCI Emerging Markets ETF

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.