Evanson Financial LLC Makes New Investment in iShares MSCI Emerging Markets ETF $EEM

Evanson Financial LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the 2nd quarter, Holdings Channel reports. The firm bought 13,400 shares of the exchange traded fund’s stock, valued at approximately $917,000.

Several other hedge funds and other institutional investors have also bought and sold shares of EEM. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of iShares MSCI Emerging Markets ETF by 92.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 230,897 shares of the exchange traded fund’s stock worth $12,632,000 after acquiring an additional 110,888 shares during the last quarter. Kelsey Financial LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF in the fourth quarter worth about $1,038,000. Roman Butler Fullerton & Co. lifted its position in shares of iShares MSCI Emerging Markets ETF by 24.8% in the fourth quarter. Roman Butler Fullerton & Co. now owns 53,499 shares of the exchange traded fund’s stock worth $3,140,000 after buying an additional 10,639 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of iShares MSCI Emerging Markets ETF by 53.5% in the fourth quarter. Sequoia Financial Advisors LLC now owns 30,799 shares of the exchange traded fund’s stock worth $1,685,000 after buying an additional 10,735 shares in the last quarter. Finally, Clarity Wealth Advisors LLC boosted its stake in iShares MSCI Emerging Markets ETF by 9.1% during the fourth quarter. Clarity Wealth Advisors LLC now owns 190,689 shares of the exchange traded fund’s stock valued at $10,433,000 after buying an additional 15,941 shares during the last quarter. Institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

NYSEARCA EEM opened at $65.64 on Friday. iShares MSCI Emerging Markets ETF has a 1-year low of $49.23 and a 1-year high of $71.57. The business has a 50 day simple moving average of $66.38 and a two-hundred day simple moving average of $63.00. The stock has a market capitalization of $29.51 billion, a PE ratio of 14.46 and a beta of 0.74.

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). 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.