ShoreHaven Wealth Partners LLC Increases Stock Holdings in iShares MSCI Emerging Markets ETF $EEM

ShoreHaven Wealth Partners LLC boosted its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 1.4% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 17,714 shares of the exchange traded fund’s stock after purchasing an additional 238 shares during the quarter. ShoreHaven Wealth Partners LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $855,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Tompkins Financial Corp purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the 2nd quarter worth about $26,000. Maseco LLP bought a new position in iShares MSCI Emerging Markets ETF in the second quarter worth about $27,000. Golden State Wealth Management LLC lifted its holdings in iShares MSCI Emerging Markets ETF by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 704 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 352 shares during the period. Hemington Wealth Management purchased a new stake in iShares MSCI Emerging Markets ETF in the second quarter worth about $34,000. Finally, Smallwood Wealth Investment Management LLC bought a new stake in iShares MSCI Emerging Markets ETF during the 1st quarter valued at approximately $41,000. 81.39% of the stock is currently owned by institutional investors.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of NYSEARCA:EEM opened at $54.18 on Friday. iShares MSCI Emerging Markets ETF has a 52-week low of $38.19 and a 52-week high of $54.69. The firm has a market capitalization of $20.60 billion, a P/E ratio of 14.46 and a beta of 0.74. The stock has a 50 day moving average price of $51.89 and a 200-day moving average price of $48.07.

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).