Sacks & Associates LLC Makes New Investment in iShares MSCI Emerging Markets ETF $EEM

Sacks & Associates LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 29,371 shares of the exchange traded fund’s stock, valued at approximately $1,962,000. iShares MSCI Emerging Markets ETF comprises approximately 1.4% of Sacks & Associates LLC’s holdings, making the stock its 21st biggest position.

Other institutional investors have also recently added to or reduced their stakes in the company. XP Advisory US Inc. acquired a new stake in shares of iShares MSCI Emerging Markets ETF during the second quarter worth $566,000. Independent Financial Group LLC purchased a new position in iShares MSCI Emerging Markets ETF during the first quarter worth about $4,789,000. First Heartland Consultants Inc. purchased a new position in iShares MSCI Emerging Markets ETF during the third quarter worth about $17,116,000. WealthCare Asset Management LLC acquired a new stake in iShares MSCI Emerging Markets ETF in the fourth quarter valued at about $2,286,000. Finally, IFP Advisors Inc boosted its holdings in iShares MSCI Emerging Markets ETF by 233.9% in the 2nd quarter. IFP Advisors Inc now owns 103,859 shares of the exchange traded fund’s stock valued at $7,105,000 after purchasing an additional 72,758 shares in the last quarter. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Up 1.1%

Shares of EEM stock opened at $66.80 on Friday. The company has a market cap of $30.96 billion, a price-to-earnings ratio of 14.46 and a beta of 0.74. The stock has a 50 day simple moving average of $66.96 and a 200-day simple moving average of $65.36. iShares MSCI Emerging Markets ETF has a 12-month low of $51.82 and a 12-month high of $71.57.

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.