iShares MSCI Emerging Markets ETF $EEM Shares Newly Purchased by McKinley Carter Wealth Services Inc.

McKinley Carter Wealth Services Inc. purchased a new position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 13,143 shares of the exchange traded fund’s stock, valued at approximately $878,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. First Bancorp Inc ME bought a new stake in shares of iShares MSCI Emerging Markets ETF during the 2nd quarter valued at about $37,000. Merkkuri Wealth Advisors LLC acquired a new stake in iShares MSCI Emerging Markets ETF during the first quarter worth about $27,000. MidFirst Bank acquired a new stake in iShares MSCI Emerging Markets ETF during the fourth quarter worth about $31,000. CrossGen Wealth LLC acquired a new stake in iShares MSCI Emerging Markets ETF during the first quarter worth about $35,000. Finally, Manning & Napier Advisors LLC lifted its holdings in iShares MSCI Emerging Markets ETF by 491.4% in the first quarter. Manning & Napier Advisors LLC now owns 621 shares of the exchange traded fund’s stock worth $35,000 after acquiring an additional 516 shares during the last quarter. 81.39% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Stock Down 1.7%

Shares of NYSEARCA EEM opened at $62.85 on Friday. The firm’s 50-day moving average price is $66.89 and its two-hundred day moving average price is $65.65. iShares MSCI Emerging Markets ETF has a 52-week low of $52.38 and a 52-week high of $71.57. The stock has a market capitalization of $29.13 billion, a P/E ratio of 14.46 and a beta of 0.74.

About iShares MSCI Emerging Markets ETF

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.