Allen Investment Management LLC Buys 21,755 Shares of iShares MSCI Emerging Markets ETF $EEM

Allen Investment Management LLC boosted its position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 41.8% during the 1st quarter, Holdings Channel reports. The institutional investor owned 73,856 shares of the exchange traded fund’s stock after purchasing an additional 21,755 shares during the quarter. Allen Investment Management LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $4,194,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of EEM. Commonwealth Financial Services LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF during the first quarter worth approximately $3,448,000. Board of Trustees of The Leland Stanford Junior University increased its holdings in iShares MSCI Emerging Markets ETF by 102.7% in 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 purchasing an additional 4,577,226 shares during the last quarter. NWK Group Inc. bought a new stake in iShares MSCI Emerging Markets ETF in the first quarter valued at about $60,000. Balefire LLC lifted its stake in iShares MSCI Emerging Markets ETF by 6.8% in the first quarter. Balefire LLC now owns 65,066 shares of the exchange traded fund’s stock valued at $3,695,000 after buying an additional 4,119 shares during the period. Finally, Parallel Advisors LLC lifted its stake in iShares MSCI Emerging Markets ETF by 0.6% in the first quarter. Parallel Advisors LLC now owns 129,514 shares of the exchange traded fund’s stock valued at $7,355,000 after buying an additional 744 shares during the period. 81.39% of the stock is currently owned by institutional investors.

iShares MSCI Emerging Markets ETF Stock Performance

iShares MSCI Emerging Markets ETF stock opened at $63.29 on Monday. The firm has a market capitalization of $28.02 billion, a P/E ratio of 14.46 and a beta of 0.72. The business has a 50-day moving average of $67.11 and a 200-day moving average of $62.25. iShares MSCI Emerging Markets ETF has a 1 year low of $47.98 and a 1 year high of $71.57.

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.