Legacy Capital Group California Inc. lifted its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) by 96.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 32,151 shares of the exchange traded fund’s stock after acquiring an additional 15,770 shares during the period. iShares MSCI Emerging Markets ETF accounts for about 0.7% of Legacy Capital Group California Inc.’s investment portfolio, making the stock its 21st largest position. Legacy Capital Group California Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $1,826,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EEM. Asempa Wealth Advisors bought a new position in iShares MSCI Emerging Markets ETF in the 4th quarter worth $593,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in iShares MSCI Emerging Markets ETF by 92.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 230,897 shares of the exchange traded fund’s stock valued at $12,632,000 after acquiring an additional 110,888 shares during the period. Sollinda Capital Management LLC boosted its holdings in iShares MSCI Emerging Markets ETF by 276.3% during the fourth quarter. Sollinda Capital Management LLC now owns 28,981 shares of the exchange traded fund’s stock valued at $1,586,000 after acquiring an additional 21,280 shares during the period. Perigon Wealth Management LLC grew its position in shares of iShares MSCI Emerging Markets ETF by 77.2% in the fourth quarter. Perigon Wealth Management LLC now owns 148,373 shares of the exchange traded fund’s stock valued at $8,118,000 after purchasing an additional 64,618 shares during the last quarter. Finally, Kelsey Financial LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the fourth quarter valued at about $1,038,000. 81.39% of the stock is currently owned by institutional investors and hedge funds.
iShares MSCI Emerging Markets ETF Stock Performance
iShares MSCI Emerging Markets ETF stock opened at $64.50 on Tuesday. The business’s 50-day simple moving average is $67.28 and its 200-day simple moving average is $61.97. The firm has a market capitalization of $28.56 billion, a PE ratio of 14.46 and a beta of 0.72. iShares MSCI Emerging Markets ETF has a 52 week low of $47.98 and a 52 week high of $71.57.
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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