Private Advisory Group LLC Invests $1.88 Million in iShares MSCI Emerging Markets ETF $EEM

Private Advisory Group LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 34,329 shares of the exchange traded fund’s stock, valued at approximately $1,878,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its stake in iShares MSCI Emerging Markets ETF by 369.7% during the 3rd quarter. Versant Capital Management Inc now owns 465 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 366 shares during the last quarter. BTG Pactual Asset Management US LLC lifted its holdings in shares of iShares MSCI Emerging Markets ETF by 101.3% during the third 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 period. Richardson Capital Management LLC purchased a new stake in iShares MSCI Emerging Markets ETF in the third quarter valued at approximately $33,000. Accredited Wealth Management LLC increased its holdings in iShares MSCI Emerging Markets ETF by 42.7% in the 3rd quarter. Accredited Wealth Management LLC now owns 688 shares of the exchange traded fund’s stock worth $37,000 after buying an additional 206 shares during the period. Finally, Heartwood Wealth Advisors LLC purchased a new position in iShares MSCI Emerging Markets ETF during the 3rd quarter worth approximately $37,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of NYSEARCA EEM opened at $55.20 on Monday. The company has a 50 day simple moving average of $59.30 and a two-hundred day simple moving average of $56.20. The stock has a market cap of $25.16 billion, a price-to-earnings ratio of 14.46 and a beta of 0.64. iShares MSCI Emerging Markets ETF has a 12 month low of $38.19 and a 12 month high of $65.96.

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). 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.