Trail Ridge Investment Advisors LLC Invests $660,000 in iShares MSCI Emerging Markets ETF $EEM

Trail Ridge Investment Advisors LLC bought a new position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 13,598 shares of the exchange traded fund’s stock, valued at approximately $660,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in EEM. Tompkins Financial Corp bought a new stake in shares of iShares MSCI Emerging Markets ETF during the second quarter worth $26,000. Maseco LLP bought a new stake in shares of iShares MSCI Emerging Markets ETF during the second quarter worth $27,000. Hemington Wealth Management bought a new stake in shares of iShares MSCI Emerging Markets ETF during the second quarter worth $34,000. Gladwyn Financial Advisors Inc. bought a new stake in shares of iShares MSCI Emerging Markets ETF during the second quarter worth $35,000. Finally, Financial Gravity Asset Management Inc. bought a new stake in shares of iShares MSCI Emerging Markets ETF during the first quarter worth $44,000. Institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Down 0.2%

EEM stock opened at $55.30 on Friday. The company has a market cap of $21.03 billion, a P/E ratio of 14.46 and a beta of 0.64. iShares MSCI Emerging Markets ETF has a twelve month low of $38.19 and a twelve month high of $56.31. The business has a fifty day moving average of $52.93 and a 200-day moving average of $49.16.

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).