Rainier Family Wealth Inc. lifted its position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) by 289.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,387 shares of the exchange traded fund’s stock after acquiring an additional 27,795 shares during the quarter. iShares MSCI Emerging Markets ETF accounts for approximately 1.4% of Rainier Family Wealth Inc.’s portfolio, making the stock its 23rd largest holding. Rainier Family Wealth Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $2,123,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in EEM. Capital Advisors Ltd. LLC grew its holdings in iShares MSCI Emerging Markets ETF by 344.4% during the first quarter. Capital Advisors Ltd. LLC now owns 8,701 shares of the exchange traded fund’s stock worth $494,000 after acquiring an additional 6,743 shares during the period. Brookstone Capital Management lifted its holdings in iShares MSCI Emerging Markets ETF by 102.6% in the first quarter. Brookstone Capital Management now owns 13,101 shares of the exchange traded fund’s stock valued at $744,000 after acquiring an additional 6,635 shares during the period. First Merchants Corp boosted its position in shares of iShares MSCI Emerging Markets ETF by 1.2% during the 1st quarter. First Merchants Corp now owns 36,257 shares of the exchange traded fund’s stock worth $2,059,000 after purchasing an additional 428 shares in the last quarter. Evolve Private Wealth LLC grew its stake in shares of iShares MSCI Emerging Markets ETF by 25.2% during the 1st quarter. Evolve Private Wealth LLC now owns 13,622 shares of the exchange traded fund’s stock worth $774,000 after purchasing an additional 2,739 shares during the period. Finally, Park National Corp OH acquired a new position in shares of iShares MSCI Emerging Markets ETF during the 1st quarter worth $354,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.
iShares MSCI Emerging Markets ETF Stock Up 0.6%
Shares of EEM opened at $71.21 on Tuesday. iShares MSCI Emerging Markets ETF has a 52-week low of $46.15 and a 52-week high of $71.57. The company has a 50-day simple moving average of $66.07 and a 200-day simple moving average of $60.63. The company has a market capitalization of $31.53 billion, a PE ratio of 14.46 and a beta of 0.73.
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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