NewEdge Advisors LLC Boosts Stock Position in iShares MSCI Emerging Markets ETF $EEM

NewEdge Advisors LLC raised its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 19.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 133,071 shares of the exchange traded fund’s stock after purchasing an additional 21,776 shares during the period. NewEdge Advisors LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $7,557,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. MidAtlantic Capital Management Inc. acquired a new stake in iShares MSCI Emerging Markets ETF in the fourth quarter valued at $25,000. Hilton Head Capital Partners LLC acquired a new position in iShares MSCI Emerging Markets ETF during the 4th quarter worth $25,000. Merkkuri Wealth Advisors LLC acquired a new position in iShares MSCI Emerging Markets ETF during the 1st quarter worth $27,000. BTG Pactual Asset Management US LLC increased its position 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 purchasing an additional 46,071 shares during the last quarter. Finally, Elevated Capital Advisors LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF in the 4th quarter worth about $31,000. 81.39% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of iShares MSCI Emerging Markets ETF stock opened at $65.17 on Tuesday. The firm has a market cap of $29.30 billion, a PE ratio of 14.46 and a beta of 0.74. The firm’s 50-day simple moving average is $66.28 and its 200-day simple moving average is $63.09. iShares MSCI Emerging Markets ETF has a 1 year low of $49.23 and a 1 year 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.