Noesis Capital Mangement Corp Makes New $1.32 Million Investment in iShares MSCI Emerging Markets ETF $EEM

Noesis Capital Mangement Corp purchased a new stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 19,826 shares of the exchange traded fund’s stock, valued at approximately $1,324,000.

A number of other institutional investors also recently modified their holdings of the business. Blume Capital Management Inc. bought a new position in shares of iShares MSCI Emerging Markets ETF in the third quarter worth about $100,000. Leo Wealth LLC acquired a new position in iShares MSCI Emerging Markets ETF during the 3rd quarter worth approximately $228,000. Apollon Wealth Management LLC increased its position in iShares MSCI Emerging Markets ETF by 8.8% during the 3rd quarter. Apollon Wealth Management LLC now owns 43,827 shares of the exchange traded fund’s stock worth $2,927,000 after purchasing an additional 3,559 shares in the last quarter. Aries Wealth Management increased its position in iShares MSCI Emerging Markets ETF by 3.2% during the 3rd quarter. Aries Wealth Management now owns 208,948 shares of the exchange traded fund’s stock worth $13,956,000 after purchasing an additional 6,452 shares in the last quarter. Finally, First Interstate Bank bought a new position in iShares MSCI Emerging Markets ETF in the 3rd quarter valued at approximately $3,403,000. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

Shares of NYSEARCA:EEM opened at $61.82 on Tuesday. The company has a market cap of $28.65 billion, a price-to-earnings ratio of 14.46 and a beta of 0.74. The firm has a 50 day simple moving average of $66.52 and a 200 day simple moving average of $63.69. iShares MSCI Emerging Markets ETF has a one year low of $52.38 and a one year 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.