23,864 Shares of iShares MSCI Emerging Markets ETF $EEM Purchased by Investment Management Corp VA ADV

Investment Management Corp VA ADV bought a new stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 23,864 shares of the exchange traded fund’s stock, valued at approximately $1,594,000. iShares MSCI Emerging Markets ETF accounts for 1.3% of Investment Management Corp VA ADV’s portfolio, making the stock its 17th biggest position.

Several other institutional investors also recently bought and sold shares of the company. Parallel Advisors LLC increased its stake in iShares MSCI Emerging Markets ETF by 2.6% during the third quarter. Parallel Advisors LLC now owns 136,602 shares of the exchange traded fund’s stock worth $9,124,000 after purchasing an additional 3,404 shares during the period. Guidance Capital Inc. lifted its position in shares of iShares MSCI Emerging Markets ETF by 36.2% during the third quarter. Guidance Capital Inc. now owns 11,095 shares of the exchange traded fund’s stock worth $678,000 after purchasing an additional 2,949 shares in the last quarter. Asset Dedication LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF in the third quarter valued at approximately $116,000. Plancorp LLC boosted its stake in shares of iShares MSCI Emerging Markets ETF by 37.1% in the third quarter. Plancorp LLC now owns 19,243 shares of the exchange traded fund’s stock valued at $1,175,000 after purchasing an additional 5,210 shares during the period. Finally, Providence First Trust Co boosted its stake in shares of iShares MSCI Emerging Markets ETF by 21.4% in the third quarter. Providence First Trust Co now owns 44,439 shares of the exchange traded fund’s stock valued at $2,968,000 after purchasing an additional 7,836 shares during the period. 81.39% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of EEM stock opened at $59.33 on Friday. The stock has a market capitalization of $27.50 billion, a P/E ratio of 14.46 and a beta of 0.77. The company has a 50 day moving average price of $65.43 and a 200 day moving average price of $63.88. iShares MSCI Emerging Markets ETF has a fifty-two week low of $52.38 and a fifty-two week high of $71.57.

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.