Procyon Advisors LLC Buys 482 Shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Procyon Advisors LLC grew its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 2.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,652 shares of the exchange traded fund’s stock after purchasing an additional 482 shares during the period. Procyon Advisors LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $771,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in EEM. GM Advisory Group LLC boosted its stake in iShares MSCI Emerging Markets ETF by 1.7% during the fourth quarter. GM Advisory Group LLC now owns 26,471 shares of the exchange traded fund’s stock worth $1,107,000 after buying an additional 448 shares in the last quarter. QRG Capital Management Inc. acquired a new position in iShares MSCI Emerging Markets ETF in the fourth quarter worth about $205,000. Jones Financial Companies Lllp raised its position in iShares MSCI Emerging Markets ETF by 70.3% in the fourth quarter. Jones Financial Companies Lllp now owns 12,265 shares of the exchange traded fund’s stock worth $513,000 after purchasing an additional 5,063 shares in the last quarter. Discovery Capital Management LLC CT bought a new position in iShares MSCI Emerging Markets ETF during the fourth quarter worth about $312,000. Finally, Carret Asset Management LLC boosted its holdings in iShares MSCI Emerging Markets ETF by 4.2% during the fourth quarter. Carret Asset Management LLC now owns 21,068 shares of the exchange traded fund’s stock valued at $881,000 after purchasing an additional 857 shares in the last quarter. Institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

Shares of NYSEARCA:EEM opened at $46.92 on Friday. The business’s fifty day moving average price is $44.01 and its two-hundred day moving average price is $43.55. iShares MSCI Emerging Markets ETF has a fifty-two week low of $38.19 and a fifty-two week high of $47.44. The stock has a market capitalization of $17.67 billion, a price-to-earnings ratio of 13.99 and a beta of 0.62.

iShares MSCI Emerging Markets ETF Company 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).