Envestnet Portfolio Solutions Inc. increased its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) by 256.4% in the 4th quarter, HoldingsChannel reports. The fund owned 55,144 shares of the exchange traded fund’s stock after acquiring an additional 39,670 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $2,306,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pillar Financial Advisors LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF during the fourth quarter valued at approximately $28,000. Compass Planning Associates Inc purchased a new position in shares of iShares MSCI Emerging Markets ETF during the fourth quarter valued at approximately $36,000. Teachers Insurance & Annuity Association of America purchased a new position in shares of iShares MSCI Emerging Markets ETF during the third quarter valued at approximately $37,000. Creative Capital Management Investments LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF during the fourth quarter valued at approximately $38,000. Finally, Atmos Advisory LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF during the fourth quarter valued at approximately $40,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.
iShares MSCI Emerging Markets ETF Price Performance
Shares of NYSEARCA:EEM opened at $44.80 on Friday. iShares MSCI Emerging Markets ETF has a 1 year low of $39.39 and a 1 year high of $47.44. The business has a 50 day simple moving average of $43.44 and a two-hundred day simple moving average of $43.76. The firm has a market capitalization of $16.97 billion, a PE ratio of 14.88 and a beta of 0.72.
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).
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