iShares MSCI Emerging Markets ETF $EEM Shares Newly Acquired by GRIMES & Co WEALTH MANAGEMENT LLC

GRIMES & Co WEALTH MANAGEMENT LLC acquired a new position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 53,787 shares of the exchange traded fund’s stock, valued at approximately $3,592,000.

Several other hedge funds and other institutional investors have also bought and sold shares of EEM. Magnus Financial Group LLC boosted its holdings in iShares MSCI Emerging Markets ETF by 0.5% in the 3rd quarter. Magnus Financial Group LLC now owns 33,124 shares of the exchange traded fund’s stock valued at $2,212,000 after purchasing an additional 163 shares during the period. Arcus Capital Partners LLC increased its holdings in shares of iShares MSCI Emerging Markets ETF by 1.0% during the first quarter. Arcus Capital Partners LLC now owns 16,886 shares of the exchange traded fund’s stock worth $959,000 after purchasing an additional 167 shares during the period. Winter & Associates Inc. increased its holdings in shares of iShares MSCI Emerging Markets ETF by 1.3% during the third quarter. Winter & Associates Inc. now owns 13,962 shares of the exchange traded fund’s stock worth $884,000 after purchasing an additional 174 shares during the period. Koshinski Asset Management Inc. raised its position in shares of iShares MSCI Emerging Markets ETF by 3.9% in the first quarter. Koshinski Asset Management Inc. now owns 5,427 shares of the exchange traded fund’s stock valued at $308,000 after buying an additional 206 shares in the last quarter. Finally, Apella Capital LLC raised its position in shares of iShares MSCI Emerging Markets ETF by 2.1% in the second quarter. Apella Capital LLC now owns 10,581 shares of the exchange traded fund’s stock valued at $695,000 after buying an additional 220 shares in the last quarter. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Down 0.0%

NYSEARCA EEM opened at $61.10 on Wednesday. The company has a market cap of $28.32 billion, a price-to-earnings ratio of 14.46 and a beta of 0.77. The company has a 50 day moving average of $65.89 and a 200-day moving average of $63.85. iShares MSCI Emerging Markets ETF has a 1-year low of $52.38 and a 1-year 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.