Parallel Advisors LLC Buys 3,559 Shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Parallel Advisors LLC lifted its position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 2.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 130,969 shares of the exchange traded fund’s stock after acquiring an additional 3,559 shares during the period. Parallel Advisors LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $5,477,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of EEM. Gallacher Capital Management LLC raised its stake in iShares MSCI Emerging Markets ETF by 53.2% in the fourth quarter. Gallacher Capital Management LLC now owns 7,994 shares of the exchange traded fund’s stock valued at $334,000 after purchasing an additional 2,775 shares in the last quarter. Harbour Investments Inc. raised its stake in iShares MSCI Emerging Markets ETF by 6.4% during the fourth quarter. Harbour Investments Inc. now owns 51,861 shares of the exchange traded fund’s stock worth $2,169,000 after acquiring an additional 3,129 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in iShares MSCI Emerging Markets ETF by 256.4% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 55,144 shares of the exchange traded fund’s stock worth $2,306,000 after acquiring an additional 39,670 shares in the last quarter. Family Firm Inc. grew its holdings in shares of iShares MSCI Emerging Markets ETF by 12.2% during the fourth quarter. Family Firm Inc. now owns 61,499 shares of the exchange traded fund’s stock worth $2,572,000 after purchasing an additional 6,704 shares during the last quarter. Finally, Poinciana Advisors Group LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF during the fourth quarter worth about $1,897,000. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Up 1.7 %

NYSEARCA:EEM opened at $45.34 on Tuesday. The stock’s 50-day moving average is $43.25 and its 200-day moving average is $43.74. iShares MSCI Emerging Markets ETF has a 1-year low of $39.39 and a 1-year high of $47.44. The stock has a market cap of $17.18 billion, a P/E ratio of 14.88 and a beta of 0.72.

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).