iShares MSCI Emerging Markets ETF $EEM Shares Acquired by First Interstate Bank

First Interstate Bank lifted its position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 41.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,618 shares of the exchange traded fund’s stock after acquiring an additional 17,051 shares during the quarter. First Interstate Bank’s holdings in iShares MSCI Emerging Markets ETF were worth $3,329,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of EEM. MidAtlantic Capital Management Inc. purchased a new position in shares of iShares MSCI Emerging Markets ETF in the 4th quarter valued at about $25,000. Hilton Head Capital Partners LLC acquired a new position in iShares MSCI Emerging Markets ETF in the 4th quarter worth about $25,000. Merkkuri Wealth Advisors LLC purchased a new position in iShares MSCI Emerging Markets ETF during the first quarter worth approximately $27,000. BTG Pactual Asset Management US LLC boosted its position in iShares MSCI Emerging Markets ETF by 101.3% during the third quarter. BTG Pactual Asset Management US LLC now owns 571 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 46,071 shares in the last quarter. Finally, Elevated Capital Advisors LLC purchased a new position in iShares MSCI Emerging Markets ETF during the fourth quarter worth approximately $31,000. 81.39% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Trading Up 0.8%

Shares of EEM opened at $66.23 on Thursday. The firm has a market cap of $29.33 billion, a P/E ratio of 14.46 and a beta of 0.72. iShares MSCI Emerging Markets ETF has a 12 month low of $47.98 and a 12 month high of $71.57. The stock’s 50 day moving average is $67.11 and its two-hundred day moving average is $61.71.

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.