Evolution Wealth Advisors LLC grew its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) by 19.8% during the second quarter, Holdings Channel.com reports. The fund owned 20,695 shares of the exchange traded fund’s stock after purchasing an additional 3,415 shares during the quarter. Evolution Wealth Advisors LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $998,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of EEM. Tompkins Financial Corp purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the second quarter valued at approximately $26,000. Maseco LLP bought a new stake in iShares MSCI Emerging Markets ETF during the 2nd quarter valued at $27,000. Hemington Wealth Management purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the 2nd quarter worth $34,000. Gladwyn Financial Advisors Inc. bought a new position in shares of iShares MSCI Emerging Markets ETF during the 2nd quarter worth $35,000. Finally, Curio Wealth LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF during the second quarter valued at $60,000. 81.39% of the stock is owned by hedge funds and other institutional investors.
iShares MSCI Emerging Markets ETF Price Performance
EEM stock opened at $54.93 on Friday. iShares MSCI Emerging Markets ETF has a 1-year low of $38.19 and a 1-year high of $56.31. The business has a 50-day moving average price of $53.86 and a 200 day moving average price of $49.90. The company has a market capitalization of $20.89 billion, a P/E ratio of 14.46 and a beta of 0.64.
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).
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