Roman Butler Fullerton & Co. acquired a new stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) in the third quarter, HoldingsChannel reports. The fund acquired 11,852 shares of the exchange traded fund’s stock, valued at approximately $750,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. XP Advisory US Inc. bought a new stake in shares of iShares MSCI Emerging Markets ETF in the 2nd quarter worth approximately $566,000. IFP Advisors Inc boosted its position in iShares MSCI Emerging Markets ETF by 233.9% during the 2nd quarter. IFP Advisors Inc now owns 103,859 shares of the exchange traded fund’s stock valued at $7,105,000 after purchasing an additional 72,758 shares during the period. First Heartland Consultants Inc. acquired a new position in iShares MSCI Emerging Markets ETF during the 3rd quarter valued at approximately $17,116,000. Envestnet Asset Management Inc. boosted its position in iShares MSCI Emerging Markets ETF by 9.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,704,404 shares of the exchange traded fund’s stock valued at $185,008,000 after purchasing an additional 228,966 shares during the period. Finally, Buska Wealth Management LLC grew its stake in iShares MSCI Emerging Markets ETF by 77.9% during the 3rd quarter. Buska Wealth Management LLC now owns 74,384 shares of the exchange traded fund’s stock worth $4,968,000 after buying an additional 32,561 shares during the last quarter. Institutional investors and hedge funds own 81.39% of the company’s stock.
iShares MSCI Emerging Markets ETF Price Performance
Shares of EEM opened at $62.52 on Wednesday. The company has a market cap of $28.98 billion, a P/E ratio of 14.46 and a beta of 0.74. The stock has a fifty day moving average price of $66.33 and a 200 day moving average price of $63.74. iShares MSCI Emerging Markets ETF has a 12 month low of $52.38 and a 12 month high of $71.57.
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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