LPL Financial LLC Boosts Position in iShares MSCI Emerging Markets ETF $EEM

LPL Financial LLC raised its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 6.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,401,849 shares of the exchange traded fund’s stock after buying an additional 196,473 shares during the quarter. LPL Financial LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $186,115,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. MidAtlantic Capital Management Inc. purchased a new position in iShares MSCI Emerging Markets ETF during the 4th quarter valued at about $25,000. Hilton Head Capital Partners LLC purchased a new position in iShares MSCI Emerging Markets ETF during the 4th quarter valued at about $25,000. BTG Pactual Asset Management US LLC grew its holdings in iShares MSCI Emerging Markets ETF by 101.3% during the 3rd quarter. BTG Pactual Asset Management US LLC now owns 571 shares of the exchange traded fund’s stock valued at $30,000 after buying 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 4th quarter valued at about $31,000. Finally, Woodside Wealth Management LLC purchased a new position in iShares MSCI Emerging Markets ETF during the 4th quarter valued at about $33,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Up 0.1%

EEM stock opened at $65.82 on Wednesday. The firm has a market capitalization of $29.15 billion, a PE ratio of 14.46 and a beta of 0.73. iShares MSCI Emerging Markets ETF has a twelve month low of $46.15 and a twelve month high of $70.86. The stock has a 50-day simple moving average of $64.02 and a two-hundred day simple moving average of $59.69.

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). 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.