Trek Financial LLC bought a new stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 379,465 shares of the exchange traded fund’s stock, valued at approximately $20,761,000. iShares MSCI Emerging Markets ETF comprises about 1.2% of Trek Financial LLC’s investment portfolio, making the stock its 16th largest holding.
Other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc increased its stake in iShares MSCI Emerging Markets ETF by 369.7% in the 3rd quarter. Versant Capital Management Inc now owns 465 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 366 shares during the period. BTG Pactual Asset Management US LLC boosted its stake in shares of iShares MSCI Emerging Markets ETF by 101.3% during the third quarter. BTG Pactual Asset Management US LLC now owns 571 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 46,071 shares during the period. Elevated Capital Advisors LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the fourth quarter valued at approximately $31,000. Richardson Capital Management LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the third quarter valued at approximately $33,000. Finally, Woodside Wealth Management LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the fourth quarter valued at approximately $33,000. 81.39% of the stock is currently owned by hedge funds and other institutional investors.
iShares MSCI Emerging Markets ETF Stock Performance
NYSEARCA:EEM opened at $67.89 on Tuesday. The firm has a market cap of $30.06 billion, a PE ratio of 14.46 and a beta of 0.71. iShares MSCI Emerging Markets ETF has a fifty-two week low of $45.23 and a fifty-two week high of $68.15. The business has a 50 day moving average price of $60.18 and a 200-day moving average price of $57.91.
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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Want to see what other hedge funds are holding EEM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report).
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