Trinity Wealth Management LLC Makes New $6.57 Million Investment in iShares MSCI Emerging Markets ETF $EEM

Trinity Wealth Management LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the fourth quarter, Holdings Channel reports. The fund acquired 120,074 shares of the exchange traded fund’s stock, valued at approximately $6,569,000. iShares MSCI Emerging Markets ETF makes up approximately 2.4% of Trinity Wealth Management LLC’s holdings, making the stock its 12th largest position.

Several other hedge funds and other institutional investors also recently made changes to their positions in EEM. Gries Financial LLC lifted its position in shares of iShares MSCI Emerging Markets ETF by 1.3% in the 3rd quarter. Gries Financial LLC now owns 14,652 shares of the exchange traded fund’s stock valued at $782,000 after acquiring an additional 187 shares in the last quarter. Brown Lisle Cummings Inc. grew its position in iShares MSCI Emerging Markets ETF by 11.7% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 1,926 shares of the exchange traded fund’s stock worth $103,000 after purchasing an additional 201 shares in the last quarter. Accredited Wealth Management LLC grew its position in iShares MSCI Emerging Markets ETF by 42.7% during the 3rd quarter. Accredited Wealth Management LLC now owns 688 shares of the exchange traded fund’s stock worth $37,000 after purchasing an additional 206 shares in the last quarter. United Capital Financial Advisors LLC raised its stake in iShares MSCI Emerging Markets ETF by 0.4% during the 3rd quarter. United Capital Financial Advisors LLC now owns 58,727 shares of the exchange traded fund’s stock valued at $3,136,000 after purchasing an additional 213 shares during the period. Finally, Promus Capital LLC raised its stake in iShares MSCI Emerging Markets ETF by 0.3% during the 3rd quarter. Promus Capital LLC now owns 79,543 shares of the exchange traded fund’s stock valued at $4,248,000 after purchasing an additional 215 shares during the period. 81.39% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Stock Up 3.7%

EEM opened at $56.79 on Wednesday. The firm has a market capitalization of $25.89 billion, a P/E ratio of 14.46 and a beta of 0.64. The stock has a fifty day moving average of $59.22 and a 200-day moving average of $56.25. iShares MSCI Emerging Markets ETF has a 12-month low of $38.19 and a 12-month high of $65.96.

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.