CoreCap Advisors LLC Acquires 45,822 Shares of iShares MSCI Emerging Markets ETF $EEM

CoreCap Advisors LLC boosted its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 28.0% in the second quarter, Holdings Channel reports. The institutional investor owned 209,249 shares of the exchange traded fund’s stock after acquiring an additional 45,822 shares during the quarter. CoreCap Advisors LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $14,315,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Noble Wealth Management PBC lifted its position in shares of iShares MSCI Emerging Markets ETF by 42.8% during the second quarter. Noble Wealth Management PBC now owns 9,360 shares of the exchange traded fund’s stock worth $640,000 after acquiring an additional 2,805 shares in the last quarter. Sapient Capital LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF in the first quarter valued at $201,000. Western Wealth Management LLC grew its position in shares of iShares MSCI Emerging Markets ETF by 110.8% in the first quarter. Western Wealth Management LLC now owns 13,870 shares of the exchange traded fund’s stock valued at $788,000 after purchasing an additional 7,289 shares in the last quarter. Rathbones Group PLC grew its position in shares of iShares MSCI Emerging Markets ETF by 16.8% in the first quarter. Rathbones Group PLC now owns 153,122 shares of the exchange traded fund’s stock valued at $8,696,000 after purchasing an additional 22,021 shares in the last quarter. Finally, DV Trading LLC raised its stake in shares of iShares MSCI Emerging Markets ETF by 79.8% during the 1st quarter. DV Trading LLC now owns 71,389 shares of the exchange traded fund’s stock valued at $4,054,000 after purchasing an additional 31,689 shares during the period. Institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

NYSEARCA:EEM opened at $66.00 on Wednesday. The business’s fifty day moving average is $66.56 and its 200 day moving average is $62.87. The firm has a market cap of $29.67 billion, a price-to-earnings ratio of 14.46 and a beta of 0.74. iShares MSCI Emerging Markets ETF has a 52-week low of $48.72 and a 52-week high of $71.57.

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.