Colton Groome Financial Advisors LLC boosted its position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) by 7.1% in the third quarter, Holdings Channel.com reports. The firm owned 337,725 shares of the exchange traded fund’s stock after acquiring an additional 22,315 shares during the quarter. iShares MSCI Emerging Markets ETF makes up about 5.3% of Colton Groome Financial Advisors LLC’s holdings, making the stock its 4th largest position. Colton Groome Financial Advisors LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $22,557,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in EEM. Park National Corp OH acquired a new stake in iShares MSCI Emerging Markets ETF in the third quarter valued at $447,000. Tompkins Financial Corp acquired a new stake in iShares MSCI Emerging Markets ETF in the 3rd quarter valued at about $132,000. Ferguson Wellman Capital Management Inc. purchased a new position in iShares MSCI Emerging Markets ETF during the 3rd quarter valued at about $432,000. Eastern Bank purchased a new position in iShares MSCI Emerging Markets ETF during the 3rd quarter valued at about $295,000. Finally, Rockland Trust Co. acquired a new position in iShares MSCI Emerging Markets ETF during the third quarter worth about $2,195,000. Institutional investors and hedge funds own 81.39% of the company’s stock.
iShares MSCI Emerging Markets ETF Trading Down 0.4%
Shares of EEM stock traded down $0.29 during trading hours on Tuesday, hitting $68.44. The company’s stock had a trading volume of 6,670,056 shares, compared to its average volume of 31,580,350. The business has a fifty day moving average of $66.62 and a 200-day moving average of $65.14. iShares MSCI Emerging Markets ETF has a twelve month low of $51.82 and a twelve month high of $71.57. The stock has a market cap of $31.81 billion, a price-to-earnings ratio of 14.46 and a beta of 0.74.
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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