RHL Group LLC Purchases 50,763 Shares of iShares MSCI Emerging Markets ETF $EEM

RHL Group LLC lifted its position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 12,690.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,163 shares of the exchange traded fund’s stock after purchasing an additional 50,763 shares during the period. iShares MSCI Emerging Markets ETF comprises 2.3% of RHL Group LLC’s portfolio, making the stock its 11th largest holding. RHL Group LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $3,417,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. XP Advisory US Inc. bought a new stake in iShares MSCI Emerging Markets ETF during the second quarter valued at about $566,000. IFP Advisors Inc lifted its position in shares of iShares MSCI Emerging Markets ETF by 233.9% in the second quarter. IFP Advisors Inc now owns 103,859 shares of the exchange traded fund’s stock valued at $7,105,000 after acquiring an additional 72,758 shares in the last quarter. First Heartland Consultants Inc. bought a new position in shares of iShares MSCI Emerging Markets ETF in the third quarter worth about $17,116,000. Heritage Investors Management Corp bought a new position in shares of iShares MSCI Emerging Markets ETF in the third quarter worth about $2,322,000. Finally, Buska Wealth Management LLC boosted its stake in shares of iShares MSCI Emerging Markets ETF by 77.9% in the third quarter. Buska Wealth Management LLC now owns 74,384 shares of the exchange traded fund’s stock worth $4,968,000 after acquiring an additional 32,561 shares during the period. 81.39% of the stock is currently owned by institutional investors.

iShares MSCI Emerging Markets ETF Stock Performance

NYSEARCA:EEM opened at $59.33 on Monday. The stock has a 50-day moving average price of $65.43 and a 200 day moving average price of $63.88. The stock has a market capitalization of $27.50 billion, a P/E ratio of 14.46 and a beta of 0.77. iShares MSCI Emerging Markets ETF has a 12-month low of $52.38 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.