Penobscot Investment Management Company Inc. Raises Position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Penobscot Investment Management Company Inc. grew its position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 5.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,619 shares of the exchange traded fund’s stock after acquiring an additional 2,722 shares during the period. Penobscot Investment Management Company Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $2,236,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Simplicity Solutions LLC purchased a new stake in iShares MSCI Emerging Markets ETF during the third quarter worth about $312,000. Sheets Smith Wealth Management acquired a new position in iShares MSCI Emerging Markets ETF during the third quarter worth about $49,000. Colton Groome Financial Advisors LLC raised its position in iShares MSCI Emerging Markets ETF by 13.2% during the third quarter. Colton Groome Financial Advisors LLC now owns 170,038 shares of the exchange traded fund’s stock worth $6,453,000 after acquiring an additional 19,832 shares during the last quarter. Litman Gregory Wealth Management LLC raised its position in iShares MSCI Emerging Markets ETF by 3.5% during the third quarter. Litman Gregory Wealth Management LLC now owns 46,372 shares of the exchange traded fund’s stock worth $1,760,000 after acquiring an additional 1,580 shares during the last quarter. Finally, SVB Wealth LLC raised its position in iShares MSCI Emerging Markets ETF by 0.6% during the third quarter. SVB Wealth LLC now owns 146,966 shares of the exchange traded fund’s stock worth $5,577,000 after acquiring an additional 854 shares during the last quarter. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

EEM traded down $0.48 during midday trading on Tuesday, reaching $41.09. 14,635,616 shares of the company’s stock were exchanged, compared to its average volume of 28,708,627. The business’s 50-day moving average price is $40.74 and its 200 day moving average price is $39.55. iShares MSCI Emerging Markets ETF has a 1-year low of $36.38 and a 1-year high of $42.00.

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).