Total Investment Management Inc. increased its position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) by 1.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,566,681 shares of the exchange traded fund’s stock after purchasing an additional 16,042 shares during the quarter. iShares MSCI Emerging Markets ETF makes up about 11.0% of Total Investment Management Inc.’s investment portfolio, making the stock its 4th largest holding. Total Investment Management Inc. owned about 0.35% of iShares MSCI Emerging Markets ETF worth $85,713,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in EEM. Clarity Wealth Advisors LLC increased its position in iShares MSCI Emerging Markets ETF by 12.0% during the 3rd quarter. Clarity Wealth Advisors LLC now owns 174,748 shares of the exchange traded fund’s stock valued at $9,332,000 after buying an additional 18,658 shares in the last quarter. Asempa Wealth Advisors bought a new position in iShares MSCI Emerging Markets ETF during the 4th quarter valued at approximately $593,000. Bradley Foster & Sargent Inc. CT increased its position in iShares MSCI Emerging Markets ETF by 59.0% during the 3rd quarter. Bradley Foster & Sargent Inc. CT now owns 52,345 shares of the exchange traded fund’s stock valued at $2,795,000 after buying an additional 19,432 shares in the last quarter. Vawter Financial Ltd. bought a new position in iShares MSCI Emerging Markets ETF during the 3rd quarter valued at approximately $444,000. Finally, Almanack Investment Partners LLC. bought a new position in iShares MSCI Emerging Markets ETF during the 3rd quarter valued at approximately $3,572,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.
iShares MSCI Emerging Markets ETF Stock Up 2.0%
EEM stock opened at $65.40 on Wednesday. The firm has a market cap of $28.96 billion, a PE ratio of 14.46 and a beta of 0.71. The business has a 50 day moving average of $59.78 and a 200 day moving average of $57.54. iShares MSCI Emerging Markets ETF has a twelve month low of $44.52 and a twelve month high of $65.96.
About iShares MSCI Emerging Markets ETF
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). The Index is designed to measure equity market performance in the global emerging markets. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.
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