Tandem Wealth Advisors LLC boosted its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) by 55.8% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 356,191 shares of the exchange traded fund’s stock after buying an additional 127,575 shares during the period. iShares MSCI Emerging Markets ETF accounts for approximately 9.0% of Tandem Wealth Advisors LLC’s holdings, making the stock its 5th biggest position. Tandem Wealth Advisors LLC owned about 0.08% of iShares MSCI Emerging Markets ETF worth $20,228,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Hsbc Holdings PLC grew its position in shares of iShares MSCI Emerging Markets ETF by 74.9% during the fourth quarter. Hsbc Holdings PLC now owns 6,591,631 shares of the exchange traded fund’s stock worth $360,596,000 after purchasing an additional 2,823,265 shares in the last quarter. National Bank of Canada FI raised its stake in iShares MSCI Emerging Markets ETF by 21,534.1% during the 3rd quarter. National Bank of Canada FI now owns 1,979,092 shares of the exchange traded fund’s stock valued at $105,689,000 after purchasing an additional 1,969,944 shares during the period. Duquesne Family Office LLC purchased a new position in iShares MSCI Emerging Markets ETF in the 3rd quarter worth approximately $101,460,000. MKP Capital Management L.L.C. purchased a new position in iShares MSCI Emerging Markets ETF in the 4th quarter worth approximately $90,983,000. Finally, Board of Trustees of The Leland Stanford Junior University lifted its holdings in iShares MSCI Emerging Markets ETF by 25.8% in the 4th quarter. Board of Trustees of The Leland Stanford Junior University now owns 4,458,700 shares of the exchange traded fund’s stock worth $243,935,000 after purchasing an additional 915,248 shares in the last quarter. 81.39% of the stock is owned by institutional investors.
iShares MSCI Emerging Markets ETF Price Performance
EEM stock opened at $63.29 on Friday. iShares MSCI Emerging Markets ETF has a 1-year low of $47.98 and a 1-year high of $71.57. The business has a 50 day simple moving average of $67.11 and a two-hundred day simple moving average of $62.20. The company has a market capitalization of $28.02 billion, a price-to-earnings ratio of 14.46 and a beta of 0.72.
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). 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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