SPX Gestao de Recursos Ltda Buys Shares of 2,310,955 iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

SPX Gestao de Recursos Ltda bought a new stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,310,955 shares of the exchange traded fund’s stock, valued at approximately $105,980,000. iShares MSCI Emerging Markets ETF makes up about 14.0% of SPX Gestao de Recursos Ltda’s holdings, making the stock its 2nd biggest holding. SPX Gestao de Recursos Ltda owned about 0.57% of iShares MSCI Emerging Markets ETF at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Fairscale Capital LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF during the second quarter worth about $26,000. Innealta Capital LLC bought a new position in iShares MSCI Emerging Markets ETF during the second quarter valued at approximately $32,000. Covenant Partners LLC grew its position in iShares MSCI Emerging Markets ETF by 3,291.7% during the third quarter. Covenant Partners LLC now owns 814 shares of the exchange traded fund’s stock valued at $37,000 after acquiring an additional 790 shares during the last quarter. Teachers Insurance & Annuity Association of America purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the third quarter valued at approximately $37,000. Finally, West Financial Advisors LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the third quarter valued at approximately $65,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

EEM stock traded down $0.02 on Friday, reaching $43.97. The company’s stock had a trading volume of 3,352,904 shares, compared to its average volume of 27,922,303. The business has a fifty day simple moving average of $44.57 and a two-hundred day simple moving average of $43.58. iShares MSCI Emerging Markets ETF has a 12-month low of $37.48 and a 12-month high of $47.44.

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).