Stock Traders Purchase High Volume of Call Options on iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) was the recipient of unusually large options trading activity on Friday. Stock traders bought 903,918 call options on the company. This is an increase of approximately 289% compared to the typical volume of 232,361 call options.

Hedge Funds Weigh In On iShares MSCI Emerging Markets ETF

Hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its holdings in shares of iShares MSCI Emerging Markets ETF by 22.8% during the first quarter. Bank of America Corp DE now owns 37,337,990 shares of the exchange traded fund’s stock valued at $2,120,424,000 after acquiring an additional 6,929,284 shares during the period. Board of Trustees of The Leland Stanford Junior University boosted its holdings in shares of iShares MSCI Emerging Markets ETF by 102.7% during the first quarter. Board of Trustees of The Leland Stanford Junior University now owns 9,035,926 shares of the exchange traded fund’s stock valued at $513,150,000 after acquiring an additional 4,577,226 shares during the period. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of iShares MSCI Emerging Markets ETF during the third quarter valued at $407,231,000. Hsbc Holdings PLC boosted its holdings in shares of iShares MSCI Emerging Markets ETF by 74.9% during the fourth quarter. Hsbc Holdings PLC now owns 6,591,631 shares of the exchange traded fund’s stock valued at $360,596,000 after acquiring an additional 2,823,265 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of iShares MSCI Emerging Markets ETF by 4.3% during the first quarter. PNC Financial Services Group Inc. now owns 4,611,088 shares of the exchange traded fund’s stock valued at $261,864,000 after acquiring an additional 189,366 shares during the period. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

iShares MSCI Emerging Markets ETF stock opened at $67.88 on Friday. The company has a market cap of $30.06 billion, a PE ratio of 14.46 and a beta of 0.73. The company has a fifty day moving average price of $64.64 and a two-hundred day moving average price of $59.93. iShares MSCI Emerging Markets ETF has a 12 month low of $46.15 and a 12 month high of $70.86.

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.