Kestra Advisory Services LLC lifted its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) by 23.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 340,447 shares of the exchange traded fund’s stock after purchasing an additional 64,640 shares during the period. Kestra Advisory Services LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $22,738,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in EEM. MADDEN SECURITIES Corp purchased a new position in iShares MSCI Emerging Markets ETF during the third quarter worth approximately $27,000. Balance Wealth Partners LLC purchased a new stake in iShares MSCI Emerging Markets ETF in the 3rd quarter valued at $28,000. Financial Management Professionals Inc. purchased a new stake in iShares MSCI Emerging Markets ETF in the 3rd quarter valued at $29,000. Manning & Napier Advisors LLC grew its holdings in iShares MSCI Emerging Markets ETF by 491.4% in the 1st quarter. Manning & Napier Advisors LLC now owns 621 shares of the exchange traded fund’s stock valued at $35,000 after buying an additional 516 shares in the last quarter. Finally, First Bancorp Inc ME acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the 2nd quarter worth $37,000. Institutional investors and hedge funds own 81.39% of the company’s stock.
iShares MSCI Emerging Markets ETF Stock Up 2.2%
Shares of EEM opened at $59.33 on Friday. iShares MSCI Emerging Markets ETF has a 52-week low of $52.38 and a 52-week high of $71.57. The stock has a fifty day simple moving average of $65.43 and a two-hundred day simple moving average of $63.88. The company has a market capitalization of $27.50 billion, a PE ratio of 14.46 and a beta of 0.77.
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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