Kovitz Investment Group Partners LLC Invests $209,000 in iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA)

Kovitz Investment Group Partners LLC bought a new stake in shares of iShares MSCI Emerging Markets Asia ETF (NASDAQ:EEMA) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 2,667 shares of the company’s stock, valued at approximately $209,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Flow Traders U.S. LLC acquired a new position in shares of iShares MSCI Emerging Markets Asia ETF during the third quarter worth approximately $9,425,000. Nicholas Hoffman & Company LLC. increased its position in iShares MSCI Emerging Markets Asia ETF by 4.4% during the second quarter. Nicholas Hoffman & Company LLC. now owns 73,156 shares of the company’s stock worth $5,302,000 after acquiring an additional 3,053 shares during the period. BNP Paribas Financial Markets acquired a new position in iShares MSCI Emerging Markets Asia ETF during the 3rd quarter valued at $674,000. Finally, Cahill Financial Advisors Inc. bought a new stake in iShares MSCI Emerging Markets Asia ETF in the 2nd quarter valued at $204,000.

iShares MSCI Emerging Markets Asia ETF Price Performance

NASDAQ EEMA opened at $75.04 on Friday. The company’s fifty day moving average is $76.25 and its two-hundred day moving average is $74.14. The firm has a market capitalization of $472.75 million, a price-to-earnings ratio of 13.33 and a beta of 0.69. iShares MSCI Emerging Markets Asia ETF has a 52-week low of $61.02 and a 52-week high of $82.13.

About iShares MSCI Emerging Markets Asia ETF

The iShares MSCI Emerging Markets Asia ETF (EEMA) is an exchange-traded fund that is based on the MSCI EM Asia Custom Capped index, a market-cap-weighted index of Asian emerging markets firms. EEMA was launched on Feb 8, 2012 and is managed by BlackRock.