Red Tortoise LLC Increases Position in iShares MSCI Emerging Markets ETF $EEM

Red Tortoise LLC lifted its position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 0.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,704 shares of the exchange traded fund’s stock after acquiring an additional 220 shares during the period. Red Tortoise LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $1,385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EEM. Barings LLC purchased a new stake in iShares MSCI Emerging Markets ETF in the first quarter valued at approximately $24,806,000. US Financial Advisors LLC boosted its holdings in shares of iShares MSCI Emerging Markets ETF by 11.6% in the 1st quarter. US Financial Advisors LLC now owns 226,949 shares of the exchange traded fund’s stock valued at $9,918,000 after acquiring an additional 23,542 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in shares of iShares MSCI Emerging Markets ETF by 21.1% in the first quarter. Geneos Wealth Management Inc. now owns 136,579 shares of the exchange traded fund’s stock worth $5,969,000 after acquiring an additional 23,772 shares during the period. Aegis Wealth Management LLC increased its stake in shares of iShares MSCI Emerging Markets ETF by 68.7% in the first quarter. Aegis Wealth Management LLC now owns 8,593 shares of the exchange traded fund’s stock worth $376,000 after acquiring an additional 3,500 shares during the period. Finally, MMA Asset Management LLC raised its holdings in shares of iShares MSCI Emerging Markets ETF by 6.4% during the first quarter. MMA Asset Management LLC now owns 105,759 shares of the exchange traded fund’s stock worth $4,622,000 after purchasing an additional 6,329 shares during the last quarter. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

NYSEARCA:EEM opened at $54.23 on Monday. iShares MSCI Emerging Markets ETF has a one year low of $38.19 and a one year high of $54.39. The firm has a market cap of $20.62 billion, a price-to-earnings ratio of 14.46 and a beta of 0.74. The firm’s fifty day moving average is $50.93 and its two-hundred day moving average is $47.46.

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).