Kaydan Wealth Management Inc. Takes $15.91 Million Position in iShares MSCI Emerging Markets ETF $EEM

Kaydan Wealth Management Inc. purchased a new stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 232,524 shares of the exchange traded fund’s stock, valued at approximately $15,907,000. iShares MSCI Emerging Markets ETF makes up approximately 4.8% of Kaydan Wealth Management Inc.’s investment portfolio, making the stock its 7th biggest position.

A number of other institutional investors have also added to or reduced their stakes in EEM. Bank of America Corp DE boosted its holdings in shares of iShares MSCI Emerging Markets ETF by 22.8% during the 1st quarter. Bank of America Corp DE now owns 37,337,990 shares of the exchange traded fund’s stock valued at $2,120,424,000 after buying an additional 6,929,284 shares in the last quarter. Board of Trustees of The Leland Stanford Junior University grew its position in shares of iShares MSCI Emerging Markets ETF by 102.7% in the 1st quarter. Board of Trustees of The Leland Stanford Junior University now owns 9,035,926 shares of the exchange traded fund’s stock worth $513,150,000 after buying an additional 4,577,226 shares during the period. Hsbc Holdings PLC increased its stake in shares of iShares MSCI Emerging Markets ETF by 74.9% in the 4th quarter. Hsbc Holdings PLC now owns 6,591,631 shares of the exchange traded fund’s stock worth $360,596,000 after acquiring an additional 2,823,265 shares in the last quarter. National Bank of Canada FI increased its stake in shares of iShares MSCI Emerging Markets ETF by 21,534.1% in the 3rd quarter. National Bank of Canada FI now owns 1,979,092 shares of the exchange traded fund’s stock worth $105,689,000 after acquiring an additional 1,969,944 shares in the last quarter. Finally, Duquesne Family Office LLC purchased a new position in iShares MSCI Emerging Markets ETF during the 3rd quarter valued at about $101,460,000. Institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

Shares of NYSEARCA EEM opened at $68.70 on Friday. iShares MSCI Emerging Markets ETF has a 1 year low of $50.17 and a 1 year high of $71.57. The firm has a 50-day moving average of $65.77 and a 200 day moving average of $64.00. The stock has a market cap of $30.88 billion, a P/E ratio of 14.46 and a beta of 0.74.

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.