Valmark Advisers Inc. Acquires 51,614 Shares of iShares MSCI Emerging Markets ETF $EEM

Valmark Advisers Inc. bought a new position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 51,614 shares of the exchange traded fund’s stock, valued at approximately $3,447,000.

Other hedge funds have also recently bought and sold shares of the company. Magnus Financial Group LLC boosted its holdings in iShares MSCI Emerging Markets ETF by 0.5% during the 3rd quarter. Magnus Financial Group LLC now owns 33,124 shares of the exchange traded fund’s stock valued at $2,212,000 after acquiring an additional 163 shares during the period. Arcus Capital Partners LLC increased its stake in iShares MSCI Emerging Markets ETF by 1.0% during the first quarter. Arcus Capital Partners LLC now owns 16,886 shares of the exchange traded fund’s stock worth $959,000 after purchasing an additional 167 shares during the period. Winter & Associates Inc. increased its stake in iShares MSCI Emerging Markets ETF by 1.3% during the third quarter. Winter & Associates Inc. now owns 13,962 shares of the exchange traded fund’s stock worth $884,000 after purchasing an additional 174 shares during the period. Altman Advisors Inc. lifted its position in shares of iShares MSCI Emerging Markets ETF by 4.1% during the third quarter. Altman Advisors Inc. now owns 4,610 shares of the exchange traded fund’s stock worth $308,000 after purchasing an additional 180 shares in the last quarter. Finally, Apella Capital LLC lifted its position in shares of iShares MSCI Emerging Markets ETF by 2.1% during the second quarter. Apella Capital LLC now owns 10,581 shares of the exchange traded fund’s stock worth $695,000 after purchasing an additional 220 shares in the last quarter. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

Shares of EEM stock traded down $0.22 during trading on Friday, reaching $60.92. The company’s stock had a trading volume of 27,785,520 shares, compared to its average volume of 30,890,666. The company has a market capitalization of $28.24 billion, a price-to-earnings ratio of 12.06 and a beta of 0.77. The stock’s 50-day moving average price is $64.84 and its 200 day moving average price is $63.93. iShares MSCI Emerging Markets ETF has a 1-year low of $52.38 and a 1-year 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.