Cresset Asset Management LLC Increases Stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Cresset Asset Management LLC raised its position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 0.5% in the 4th quarter, Holdings Channel reports. The fund owned 503,849 shares of the exchange traded fund’s stock after acquiring an additional 2,514 shares during the period. Cresset Asset Management LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $21,071,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Pillar Financial Advisors LLC purchased a new stake in iShares MSCI Emerging Markets ETF in the 4th quarter valued at approximately $28,000. Navigoe LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the fourth quarter valued at approximately $30,000. Compass Planning Associates Inc acquired a new position in iShares MSCI Emerging Markets ETF during the fourth quarter worth $36,000. Creative Capital Management Investments LLC purchased a new position in iShares MSCI Emerging Markets ETF in the fourth quarter worth $38,000. Finally, Atmos Advisory LLC acquired a new stake in iShares MSCI Emerging Markets ETF in the fourth quarter valued at $40,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Down 0.4 %

NYSEARCA:EEM opened at $45.16 on Wednesday. The firm’s fifty day simple moving average is $43.18 and its 200-day simple moving average is $43.31. The stock has a market cap of $17.01 billion, a PE ratio of 13.13 and a beta of 0.63. iShares MSCI Emerging Markets ETF has a fifty-two week low of $38.19 and a fifty-two week high of $47.44.

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).