Aries Wealth Management Acquires 15,427 Shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Aries Wealth Management lifted its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 14.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 124,759 shares of the exchange traded fund’s stock after acquiring an additional 15,427 shares during the quarter. iShares MSCI Emerging Markets ETF makes up about 1.5% of Aries Wealth Management’s portfolio, making the stock its 15th biggest holding. Aries Wealth Management’s holdings in iShares MSCI Emerging Markets ETF were worth $5,452,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dynamic Advisor Solutions LLC boosted its stake in iShares MSCI Emerging Markets ETF by 14.6% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 21,094 shares of the exchange traded fund’s stock valued at $922,000 after purchasing an additional 2,691 shares during the period. BigSur Wealth Management LLC boosted its stake in iShares MSCI Emerging Markets ETF by 10.6% in the 1st quarter. BigSur Wealth Management LLC now owns 18,300 shares of the exchange traded fund’s stock valued at $800,000 after purchasing an additional 1,750 shares during the period. Jacksonville Wealth Management LLC boosted its stake in iShares MSCI Emerging Markets ETF by 2.1% in the 1st quarter. Jacksonville Wealth Management LLC now owns 36,606 shares of the exchange traded fund’s stock valued at $1,600,000 after purchasing an additional 767 shares during the period. Founders Grove Wealth Partners LLC boosted its stake in iShares MSCI Emerging Markets ETF by 4.1% in the 1st quarter. Founders Grove Wealth Partners LLC now owns 28,600 shares of the exchange traded fund’s stock valued at $1,250,000 after purchasing an additional 1,120 shares during the period. Finally, Kelly Financial Services LLC bought a new stake in iShares MSCI Emerging Markets ETF in the 1st quarter valued at $1,064,000. 81.39% of the stock is currently owned by institutional investors.

iShares MSCI Emerging Markets ETF Stock Performance

NYSEARCA:EEM opened at $47.11 on Friday. The stock has a fifty day moving average price of $44.66 and a 200-day moving average price of $43.70. The company has a market cap of $17.74 billion, a price-to-earnings ratio of 13.99 and a beta of 0.62. iShares MSCI Emerging Markets ETF has a fifty-two week low of $38.19 and a fifty-two week high of $47.97.

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).