Modera Wealth Management LLC Purchases New Stake in iShares MSCI Emerging Markets ETF $EEM

Modera Wealth Management LLC purchased a new stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 75,792 shares of the exchange traded fund’s stock, valued at approximately $5,062,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. State of Wyoming increased its stake in iShares MSCI Emerging Markets ETF by 101.1% during the third quarter. State of Wyoming now owns 117,739 shares of the exchange traded fund’s stock worth $7,864,000 after acquiring an additional 59,196 shares during the last quarter. Canopy Partners LLC lifted its stake in shares of iShares MSCI Emerging Markets ETF by 3.5% in the 3rd quarter. Canopy Partners LLC now owns 8,815 shares of the exchange traded fund’s stock valued at $589,000 after purchasing an additional 300 shares during the last quarter. Cranbrook Wealth Management LLC acquired a new position in shares of iShares MSCI Emerging Markets ETF in the 3rd quarter valued at $706,000. Finley Financial LLC lifted its stake in shares of iShares MSCI Emerging Markets ETF by 0.3% in the 3rd quarter. Finley Financial LLC now owns 225,548 shares of the exchange traded fund’s stock valued at $15,069,000 after purchasing an additional 623 shares during the last quarter. Finally, Outlook Wealth Advisors LLC grew its holdings in shares of iShares MSCI Emerging Markets ETF by 2.3% during the 3rd quarter. Outlook Wealth Advisors LLC now owns 117,017 shares of the exchange traded fund’s stock worth $7,816,000 after purchasing an additional 2,639 shares during the period. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Down 2.7%

Shares of NYSEARCA:EEM opened at $61.04 on Friday. The business has a 50-day moving average price of $66.11 and a 200 day moving average price of $63.82. The company has a market capitalization of $28.29 billion, a price-to-earnings ratio of 14.46 and a beta of 0.74. iShares MSCI Emerging Markets ETF has a 12-month low of $52.38 and a 12-month high of $71.57.

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.