Napier Financial LLC Makes New $12.67 Million Investment in iShares MSCI Emerging Markets ETF $EEM

Napier Financial LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 231,646 shares of the exchange traded fund’s stock, valued at approximately $12,673,000. iShares MSCI Emerging Markets ETF makes up 3.2% of Napier Financial LLC’s investment portfolio, making the stock its 11th biggest position. Napier Financial LLC owned approximately 0.05% of iShares MSCI Emerging Markets ETF at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of EEM. MidAtlantic Capital Management Inc. purchased a new position in iShares MSCI Emerging Markets ETF during the fourth quarter worth approximately $25,000. BTG Pactual Asset Management US LLC boosted its position in iShares MSCI Emerging Markets ETF by 101.3% during the third quarter. BTG Pactual Asset Management US LLC now owns 571 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 46,071 shares in the last quarter. Elevated Capital Advisors LLC purchased a new position in iShares MSCI Emerging Markets ETF during the fourth quarter worth approximately $31,000. Woodside Wealth Management LLC purchased a new position in iShares MSCI Emerging Markets ETF during the fourth quarter worth approximately $33,000. Finally, Accredited Wealth Management LLC boosted its position in iShares MSCI Emerging Markets ETF by 42.7% during the third 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. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of EEM stock opened at $64.59 on Monday. The company has a market capitalization of $28.60 billion, a P/E ratio of 14.46 and a beta of 0.73. The business’s 50 day moving average is $63.60 and its two-hundred day moving average is $59.52. iShares MSCI Emerging Markets ETF has a 12-month low of $46.15 and a 12-month high of $70.86.

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.