IFP Advisors Inc Purchases 72,758 Shares of iShares MSCI Emerging Markets ETF $EEM

IFP Advisors Inc lifted its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 233.9% in the 2nd quarter, Holdings Channel reports. The firm owned 103,859 shares of the exchange traded fund’s stock after acquiring an additional 72,758 shares during the period. IFP Advisors Inc’s holdings in iShares MSCI Emerging Markets ETF were worth $7,105,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the stock. MidAtlantic Capital Management Inc. purchased a new stake in iShares MSCI Emerging Markets ETF during the 4th quarter valued at $25,000. Hilton Head Capital Partners LLC bought a new position in shares of iShares MSCI Emerging Markets ETF during the 4th quarter valued at $25,000. Merkkuri Wealth Advisors LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF in the 1st quarter worth $27,000. BTG Pactual Asset Management US LLC boosted its stake in shares of iShares MSCI Emerging Markets ETF by 101.3% in the 3rd quarter. BTG Pactual Asset Management US LLC now owns 571 shares of the exchange traded fund’s stock worth $30,000 after buying an additional 46,071 shares during the last quarter. Finally, MidFirst Bank bought a new stake in shares of iShares MSCI Emerging Markets ETF in the fourth quarter worth $31,000. 81.39% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Stock Performance

iShares MSCI Emerging Markets ETF stock opened at $68.48 on Thursday. iShares MSCI Emerging Markets ETF has a one year low of $51.50 and a one year high of $71.57. The stock has a fifty day moving average of $65.85 and a 200 day moving average of $64.18. The stock has a market cap of $30.79 billion, a PE ratio of 14.46 and a beta of 0.74.

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). 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.