1,026,664 Shares in iShares MSCI Emerging Markets ETF $EEM Bought by Halbert Hargrove Global Advisors LLC

Halbert Hargrove Global Advisors LLC bought a new position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the 3rd quarter, HoldingsChannel reports. The fund bought 1,026,664 shares of the exchange traded fund’s stock, valued at approximately $68,571,000. iShares MSCI Emerging Markets ETF accounts for about 3.0% of Halbert Hargrove Global Advisors LLC’s investment portfolio, making the stock its 10th biggest holding.

A number of other large investors have also made changes to their positions in EEM. Merkkuri Wealth Advisors LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the first quarter valued at approximately $27,000. MidFirst Bank purchased a new position in iShares MSCI Emerging Markets ETF during the fourth quarter worth approximately $31,000. SHP Wealth Management acquired a new position in iShares MSCI Emerging Markets ETF during the fourth quarter worth $35,000. CrossGen Wealth LLC acquired a new position in iShares MSCI Emerging Markets ETF during the first quarter worth $35,000. Finally, Manning & Napier Advisors LLC boosted its stake in iShares MSCI Emerging Markets ETF by 491.4% during the first quarter. Manning & Napier Advisors LLC now owns 621 shares of the exchange traded fund’s stock worth $35,000 after buying an additional 516 shares during the last quarter. 81.39% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Stock Down 0.7%

Shares of NYSEARCA:EEM opened at $63.96 on Friday. The business has a fifty day moving average of $66.95 and a two-hundred day moving average of $65.67. The stock has a market cap of $29.65 billion, a P/E ratio of 14.46 and a beta of 0.74. iShares MSCI Emerging Markets ETF has a 52-week low of $52.38 and a 52-week high of $71.57.

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.