Tandem Wealth Advisors LLC Has $20.23 Million Stake in iShares MSCI Emerging Markets ETF $EEM

Tandem Wealth Advisors LLC grew its position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 55.8% in the first quarter, HoldingsChannel reports. The firm owned 356,191 shares of the exchange traded fund’s stock after buying an additional 127,575 shares during the quarter. iShares MSCI Emerging Markets ETF accounts for approximately 9.0% of Tandem Wealth Advisors LLC’s investment portfolio, making the stock its 5th largest holding. Tandem Wealth Advisors LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $20,228,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its holdings in iShares MSCI Emerging Markets ETF by 1.7% during the 4th quarter. Brighton Jones LLC now owns 118,587 shares of the exchange traded fund’s stock valued at $4,959,000 after buying an additional 1,940 shares in the last quarter. AQR Capital Management LLC increased its position in iShares MSCI Emerging Markets ETF by 13.3% in the first quarter. AQR Capital Management LLC now owns 80,248 shares of the exchange traded fund’s stock worth $3,507,000 after purchasing an additional 9,437 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in iShares MSCI Emerging Markets ETF in the second quarter worth $3,957,000. Gamco Investors INC. ET AL purchased a new stake in iShares MSCI Emerging Markets ETF during the second quarter valued at $462,000. Finally, Quantinno Capital Management LP raised its stake in iShares MSCI Emerging Markets ETF by 3.1% during the second quarter. Quantinno Capital Management LP now owns 43,885 shares of the exchange traded fund’s stock valued at $2,117,000 after purchasing an additional 1,320 shares in the last quarter. 81.39% of the stock is owned by institutional investors.

iShares MSCI Emerging Markets ETF Stock Down 1.4%

EEM stock opened at $63.29 on Friday. iShares MSCI Emerging Markets ETF has a 52 week low of $47.98 and a 52 week high of $71.57. The company has a fifty day simple moving average of $67.11 and a two-hundred day simple moving average of $62.20. The firm has a market capitalization of $28.02 billion, a P/E ratio of 14.46 and a beta of 0.72.

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.