Elevation Point Wealth Partners LLC Grows Holdings in iShares MSCI Emerging Markets ETF $EEM

Elevation Point Wealth Partners LLC increased its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 31.9% in the 1st quarter, HoldingsChannel.com reports. The fund owned 114,722 shares of the exchange traded fund’s stock after buying an additional 27,743 shares during the period. Elevation Point Wealth Partners LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $6,515,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Brighton Jones LLC raised its holdings in shares of iShares MSCI Emerging Markets ETF by 1.7% in the 4th quarter. Brighton Jones LLC now owns 118,587 shares of the exchange traded fund’s stock valued at $4,959,000 after acquiring an additional 1,940 shares in the last quarter. AQR Capital Management LLC grew its position in iShares MSCI Emerging Markets ETF by 13.3% during the 1st quarter. AQR Capital Management LLC now owns 80,248 shares of the exchange traded fund’s stock worth $3,507,000 after acquiring an additional 9,437 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of iShares MSCI Emerging Markets ETF in the second quarter worth $3,957,000. Gamco Investors INC. ET AL purchased a new stake in iShares MSCI Emerging Markets ETF during the 2nd quarter valued at $462,000. Finally, Quantinno Capital Management LP boosted its holdings in shares of iShares MSCI Emerging Markets ETF by 3.1% during the second quarter. Quantinno Capital Management LP now owns 43,885 shares of the exchange traded fund’s stock worth $2,117,000 after purchasing an additional 1,320 shares during the period. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of EEM opened at $65.70 on Friday. iShares MSCI Emerging Markets ETF has a 1-year low of $47.96 and a 1-year high of $71.57. The firm’s 50-day moving average price is $66.92 and its 200-day moving average price is $61.38. The firm has a market capitalization of $29.09 billion, a price-to-earnings ratio of 14.46 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). 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.