Redhawk Wealth Advisors Inc. Acquires 145,861 Shares of iShares MSCI Emerging Markets ETF $EEM

Redhawk Wealth Advisors Inc. increased its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 2,621.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 151,425 shares of the exchange traded fund’s stock after purchasing an additional 145,861 shares during the quarter. iShares MSCI Emerging Markets ETF comprises 0.9% of Redhawk Wealth Advisors Inc.’s investment portfolio, making the stock its 25th largest holding. Redhawk Wealth Advisors Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $8,086,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in iShares MSCI Emerging Markets ETF by 212.1% in the second quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 4,634,821 shares of the exchange traded fund’s stock worth $223,062,000 after purchasing an additional 3,149,813 shares during the period. Corient Private Wealth LLC boosted its position in shares of iShares MSCI Emerging Markets ETF by 206.0% during the 2nd quarter. Corient Private Wealth LLC now owns 3,240,329 shares of the exchange traded fund’s stock worth $156,313,000 after purchasing an additional 2,181,269 shares in the last quarter. Invesco Ltd. acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the 2nd quarter valued at about $100,644,000. Bank of Nova Scotia raised its stake in iShares MSCI Emerging Markets ETF by 314.6% during the 2nd quarter. Bank of Nova Scotia now owns 2,240,422 shares of the exchange traded fund’s stock worth $108,078,000 after buying an additional 1,700,100 shares during the period. Finally, Bailard Inc. raised its stake in iShares MSCI Emerging Markets ETF by 670.9% during the 2nd quarter. Bailard Inc. now owns 1,894,392 shares of the exchange traded fund’s stock worth $91,385,000 after buying an additional 1,648,670 shares during the period. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of NYSEARCA:EEM opened at $53.20 on Friday. iShares MSCI Emerging Markets ETF has a 52-week low of $38.19 and a 52-week high of $56.31. The business’s 50 day simple moving average is $54.40 and its two-hundred day simple moving average is $51.40. The firm has a market cap of $20.23 billion, a P/E ratio of 14.46 and a beta of 0.64.

iShares MSCI Emerging Markets ETF Company 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).