NewEdge Advisors LLC increased its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) by 19.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 133,071 shares of the exchange traded fund’s stock after buying an additional 21,776 shares during the quarter. NewEdge Advisors LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $7,557,000 as of its most recent filing with the SEC.
Several other hedge funds have also modified their holdings of EEM. MidAtlantic Capital Management Inc. acquired a new position in shares of iShares MSCI Emerging Markets ETF during the fourth quarter worth $25,000. Hilton Head Capital Partners LLC acquired a new stake in iShares MSCI Emerging Markets ETF during the 4th quarter valued at $25,000. Merkkuri Wealth Advisors LLC acquired a new stake in iShares MSCI Emerging Markets ETF during the 1st quarter valued at $27,000. BTG Pactual Asset Management US LLC increased its stake in iShares MSCI Emerging Markets ETF by 101.3% during the 3rd quarter. BTG Pactual Asset Management US LLC now owns 571 shares of the exchange traded fund’s stock worth $30,000 after buying an additional 46,071 shares during the period. Finally, Elevated Capital Advisors LLC purchased a new stake in iShares MSCI Emerging Markets ETF during the 4th quarter worth $31,000. 81.39% of the stock is currently owned by hedge funds and other institutional investors.
iShares MSCI Emerging Markets ETF Price Performance
Shares of EEM stock opened at $65.17 on Tuesday. iShares MSCI Emerging Markets ETF has a 12 month low of $49.23 and a 12 month high of $71.57. The firm has a market capitalization of $29.30 billion, a P/E ratio of 14.46 and a beta of 0.74. The company’s fifty day moving average price is $66.28 and its two-hundred day moving average price is $63.09.
iShares MSCI Emerging Markets ETF Company 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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