Traders Buy iShares MSCI Emerging Markets Indx (EEM) on Weakness

Investors bought shares of iShares MSCI Emerging Markets Indx (NYSEARCA:EEM) on weakness during trading on Wednesday. $517.17 million flowed into the stock on the tick-up and $318.53 million flowed out of the stock on the tick-down, for a money net flow of $198.64 million into the stock. Of all stocks tracked, iShares MSCI Emerging Markets Indx had the 3rd highest net in-flow for the day. iShares MSCI Emerging Markets Indx traded down ($0.83) for the day and closed at $42.33

The firm also recently disclosed a semiannual dividend, which was paid on Monday, June 25th. Shareholders of record on Wednesday, June 20th were issued a $0.2899 dividend. The ex-dividend date of this dividend was Tuesday, June 19th. This represents a yield of 1.31%.

Hedge funds have recently added to or reduced their stakes in the business. Meitav Dash Investments Ltd. purchased a new stake in shares of iShares MSCI Emerging Markets Indx in the 4th quarter valued at approximately $63,245,000. JPMorgan Chase & Co. grew its stake in shares of iShares MSCI Emerging Markets Indx by 42.8% in the 1st quarter. JPMorgan Chase & Co. now owns 11,855,011 shares of the exchange traded fund’s stock valued at $572,360,000 after buying an additional 3,551,630 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of iShares MSCI Emerging Markets Indx by 2.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 11,108,859 shares of the exchange traded fund’s stock valued at $536,336,000 after buying an additional 293,122 shares during the period. Northwestern Mutual Investment Management Company LLC grew its stake in shares of iShares MSCI Emerging Markets Indx by 618.2% in the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 4,308,400 shares of the exchange traded fund’s stock valued at $208,010,000 after buying an additional 3,708,500 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec grew its stake in shares of iShares MSCI Emerging Markets Indx by 6,704.3% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,267,822 shares of the exchange traded fund’s stock valued at $206,050,000 after buying an additional 4,205,100 shares during the period.

About iShares MSCI Emerging Markets Indx

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).

Receive News & Ratings for iShares MSCI Emerging Markets Indx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares MSCI Emerging Markets Indx and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply