Oppenheimer Asset Management Inc. Purchases 21,327 Shares of iShares MSCI Emerging Markets ETF $EEM

Oppenheimer Asset Management Inc. lifted its position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 27.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 100,194 shares of the exchange traded fund’s stock after purchasing an additional 21,327 shares during the period. Oppenheimer Asset Management Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $4,833,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Sowell Financial Services LLC raised its position in iShares MSCI Emerging Markets ETF by 0.3% in the second quarter. Sowell Financial Services LLC now owns 71,413 shares of the exchange traded fund’s stock worth $3,445,000 after acquiring an additional 211 shares during the period. Optimum Investment Advisors raised its position in iShares MSCI Emerging Markets ETF by 2.8% in the second quarter. Optimum Investment Advisors now owns 7,826 shares of the exchange traded fund’s stock worth $378,000 after acquiring an additional 214 shares during the period. Red Tortoise LLC raised its position in iShares MSCI Emerging Markets ETF by 0.8% in the second quarter. Red Tortoise LLC now owns 28,704 shares of the exchange traded fund’s stock worth $1,385,000 after acquiring an additional 220 shares during the period. Private Wealth Asset Management LLC raised its position in iShares MSCI Emerging Markets ETF by 0.6% in the second quarter. Private Wealth Asset Management LLC now owns 38,779 shares of the exchange traded fund’s stock worth $1,871,000 after acquiring an additional 236 shares during the period. Finally, Hardin Capital Partners LLC raised its position in iShares MSCI Emerging Markets ETF by 3.2% in the second quarter. Hardin Capital Partners LLC now owns 7,732 shares of the exchange traded fund’s stock worth $374,000 after acquiring an additional 237 shares during the period. 81.39% of the stock is owned by institutional investors.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of EEM stock opened at $55.69 on Wednesday. The firm has a market cap of $21.18 billion, a price-to-earnings ratio of 14.46 and a beta of 0.64. iShares MSCI Emerging Markets ETF has a 52 week low of $38.19 and a 52 week high of $55.77. The firm’s 50-day simple moving average is $52.60 and its two-hundred day simple moving average is $48.87.

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).