iShares MSCI Emerging Markets ETF $EEM Position Boosted by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. increased its position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 4.6% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 237,473 shares of the exchange traded fund’s stock after purchasing an additional 10,384 shares during the period. Cullen Frost Bankers Inc. owned 0.06% of iShares MSCI Emerging Markets ETF worth $12,681,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of EEM. First Citizens Bank & Trust Co. grew its position in shares of iShares MSCI Emerging Markets ETF by 15.1% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 15,309 shares of the exchange traded fund’s stock worth $818,000 after acquiring an additional 2,004 shares in the last quarter. Sagespring Wealth Partners LLC bought a new position in iShares MSCI Emerging Markets ETF during the third quarter worth $202,000. Partners Capital Investment Group LLP bought a new stake in iShares MSCI Emerging Markets ETF during the third quarter valued at $4,288,000. Resona Asset Management Co. Ltd. increased its stake in iShares MSCI Emerging Markets ETF by 271.6% during the third quarter. Resona Asset Management Co. Ltd. now owns 837,249 shares of the exchange traded fund’s stock valued at $44,709,000 after purchasing an additional 611,962 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of iShares MSCI Emerging Markets ETF by 1.2% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 806,554 shares of the exchange traded fund’s stock worth $43,070,000 after purchasing an additional 9,672 shares during the period. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Up 0.6%

Shares of NYSEARCA:EEM opened at $59.07 on Monday. The company has a market cap of $25.28 billion, a PE ratio of 14.46 and a beta of 0.64. iShares MSCI Emerging Markets ETF has a fifty-two week low of $38.19 and a fifty-two week high of $59.15. The firm has a 50-day simple moving average of $55.26 and a 200 day simple moving average of $53.09.

iShares MSCI Emerging Markets ETF 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.