Legacy Wealth Partners LLC Acquires 23,927 Shares of iShares MSCI Emerging Markets ETF $EEM

Legacy Wealth Partners LLC lifted its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 33.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 94,911 shares of the exchange traded fund’s stock after acquiring an additional 23,927 shares during the quarter. iShares MSCI Emerging Markets ETF makes up about 1.4% of Legacy Wealth Partners LLC’s holdings, making the stock its 16th largest holding. Legacy Wealth Partners LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $5,390,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EEM. Clal Insurance Enterprises Holdings Ltd purchased a new position in iShares MSCI Emerging Markets ETF during the third quarter valued at approximately $407,231,000. Hsbc Holdings PLC lifted its holdings in iShares MSCI Emerging Markets ETF by 74.9% during the fourth quarter. Hsbc Holdings PLC now owns 6,591,631 shares of the exchange traded fund’s stock worth $360,596,000 after buying an additional 2,823,265 shares during the period. National Bank of Canada FI boosted its position in iShares MSCI Emerging Markets ETF by 21,534.1% during the 3rd quarter. National Bank of Canada FI now owns 1,979,092 shares of the exchange traded fund’s stock valued at $105,689,000 after acquiring an additional 1,969,944 shares in the last quarter. Duquesne Family Office LLC bought a new stake in iShares MSCI Emerging Markets ETF during the 3rd quarter valued at $101,460,000. Finally, MKP Capital Management L.L.C. purchased a new position in shares of iShares MSCI Emerging Markets ETF in the 4th quarter valued at $90,983,000. 81.39% of the stock is currently owned by institutional investors.

iShares MSCI Emerging Markets ETF Trading Down 5.7%

Shares of NYSEARCA:EEM opened at $67.17 on Wednesday. The company has a market capitalization of $29.74 billion, a PE ratio of 14.46 and a beta of 0.73. iShares MSCI Emerging Markets ETF has a 12-month low of $47.41 and a 12-month high of $71.57. The business’s fifty day simple moving average is $66.20 and its 200-day simple moving average is $60.73.

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). 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.