Balanced Wealth Group LLC Buys 310 Shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Balanced Wealth Group LLC boosted its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,877 shares of the exchange traded fund’s stock after purchasing an additional 310 shares during the quarter. iShares MSCI Emerging Markets ETF comprises approximately 0.9% of Balanced Wealth Group LLC’s investment portfolio, making the stock its 19th biggest position. Balanced Wealth Group LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $2,003,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EEM. DRW Securities LLC boosted its position in iShares MSCI Emerging Markets ETF by 603.8% during the third quarter. DRW Securities LLC now owns 2,732,449 shares of the exchange traded fund’s stock worth $125,310,000 after purchasing an additional 2,344,192 shares during the period. SPX Gestao de Recursos Ltda acquired a new stake in shares of iShares MSCI Emerging Markets ETF during the third quarter worth $105,980,000. Raymond James Financial Inc. acquired a new stake in shares of iShares MSCI Emerging Markets ETF during the fourth quarter worth $67,244,000. Erste Asset Management GmbH acquired a new stake in shares of iShares MSCI Emerging Markets ETF during the third quarter worth $29,856,000. Finally, Flow Traders U.S. LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF during the third quarter worth $17,112,000. 81.39% of the stock is owned by institutional investors.

iShares MSCI Emerging Markets ETF Stock Performance

EEM opened at $43.96 on Thursday. iShares MSCI Emerging Markets ETF has a fifty-two week low of $39.39 and a fifty-two week high of $47.44. The company has a market capitalization of $16.28 billion, a P/E ratio of 14.53 and a beta of 0.70. The stock has a fifty day moving average of $43.10 and a 200-day moving average of $43.71.

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).