Berman McAleer LLC Acquires Shares of 14,420 iShares MSCI Emerging Markets ETF $EEM

Berman McAleer LLC bought a new position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the third quarter, HoldingsChannel reports. The institutional investor bought 14,420 shares of the exchange traded fund’s stock, valued at approximately $770,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Versant Capital Management Inc increased its holdings in iShares MSCI Emerging Markets ETF by 369.7% during the 3rd quarter. Versant Capital Management Inc now owns 465 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 366 shares during the period. Richardson Capital Management LLC bought a new position in shares of iShares MSCI Emerging Markets ETF during the 3rd quarter worth $33,000. Hemington Wealth Management purchased a new position in shares of iShares MSCI Emerging Markets ETF during the second quarter valued at $34,000. Traub Capital Management LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF during the second quarter valued at $34,000. Finally, Gladwyn Financial Advisors Inc. bought a new stake in shares of iShares MSCI Emerging Markets ETF in the second quarter valued at about $35,000. Institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

NYSEARCA:EEM opened at $59.10 on Friday. The firm has a market cap of $25.29 billion, a PE ratio of 14.46 and a beta of 0.64. The company has a 50-day moving average of $55.89 and a 200 day moving average of $53.43. iShares MSCI Emerging Markets ETF has a 1-year low of $38.19 and a 1-year high of $60.95.

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). 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.