Smith & Howard Wealth Management LLC Buys 400 Shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Smith & Howard Wealth Management LLC raised its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 8.8% in the fourth quarter, Holdings Channel reports. The fund owned 4,938 shares of the exchange traded fund’s stock after purchasing an additional 400 shares during the quarter. Smith & Howard Wealth Management LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $207,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in EEM. DRW Securities LLC lifted its holdings in shares of iShares MSCI Emerging Markets ETF by 603.8% in the third quarter. DRW Securities LLC now owns 2,732,449 shares of the exchange traded fund’s stock worth $125,310,000 after acquiring an additional 2,344,192 shares during the last quarter. SPX Gestao de Recursos Ltda bought a new position in shares of iShares MSCI Emerging Markets ETF in the third quarter worth about $105,980,000. Raymond James Financial Inc. bought a new position in shares of iShares MSCI Emerging Markets ETF in the fourth quarter worth about $67,244,000. Erste Asset Management GmbH bought a new position in shares of iShares MSCI Emerging Markets ETF in the third quarter worth about $29,856,000. Finally, Flow Traders U.S. LLC bought a new position in shares of iShares MSCI Emerging Markets ETF in the third quarter worth about $17,112,000. Institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

iShares MSCI Emerging Markets ETF stock opened at $43.36 on Tuesday. The business has a 50 day moving average of $43.02 and a 200-day moving average of $43.71. iShares MSCI Emerging Markets ETF has a 1 year low of $39.39 and a 1 year high of $47.44. The company has a market capitalization of $16.06 billion, a P/E ratio of 14.53 and a beta of 0.70.

iShares MSCI Emerging Markets ETF 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).