HighTower Advisors LLC Boosts Stock Holdings in iShares MSCI Emerging Markets ETF $EEM

HighTower Advisors LLC increased its position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 1.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,204,723 shares of the exchange traded fund’s stock after buying an additional 11,948 shares during the quarter. HighTower Advisors LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $64,332,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EEM. Versant Capital Management Inc raised its position in shares of iShares MSCI Emerging Markets ETF by 369.7% in the third quarter. Versant Capital Management Inc now owns 465 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 366 shares during the period. Richardson Capital Management LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF during the 3rd quarter valued at about $33,000. Traub Capital Management LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF during the 2nd quarter valued at about $34,000. Heartwood Wealth Advisors LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF in the 3rd quarter valued at about $37,000. Finally, LFA Lugano Financial Advisors SA purchased a new position in shares of iShares MSCI Emerging Markets ETF in the 3rd quarter valued at about $40,000. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Up 0.4%

Shares of EEM stock opened at $61.12 on Tuesday. iShares MSCI Emerging Markets ETF has a 12-month low of $38.19 and a 12-month high of $61.90. The business’s 50 day moving average is $57.19 and its two-hundred day moving average is $54.34. The company has a market capitalization of $27.86 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). 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.