Oppenheimer & Co. Inc. Grows Position in iShares MSCI Emerging Markets ETF $EEM

Oppenheimer & Co. Inc. boosted its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 20.7% during the third quarter, HoldingsChannel.com reports. The firm owned 129,241 shares of the exchange traded fund’s stock after acquiring an additional 22,184 shares during the period. Oppenheimer & Co. Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $6,901,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in EEM. Versant Capital Management Inc raised its position in shares of iShares MSCI Emerging Markets ETF by 369.7% in the 3rd quarter. Versant Capital Management Inc now owns 465 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 366 shares during the period. Richardson Capital Management LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the 3rd quarter worth about $33,000. Traub Capital Management LLC acquired a new stake in iShares MSCI Emerging Markets ETF during the 2nd quarter worth approximately $34,000. Gladwyn Financial Advisors Inc. purchased a new position in iShares MSCI Emerging Markets ETF in the second quarter valued at approximately $35,000. Finally, Heartwood Wealth Advisors LLC acquired a new position in iShares MSCI Emerging Markets ETF during the third quarter valued at approximately $37,000. 81.39% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Stock Up 0.1%

EEM opened at $60.60 on Wednesday. The company has a 50 day moving average of $56.66 and a two-hundred day moving average of $54.00. iShares MSCI Emerging Markets ETF has a 52-week low of $38.19 and a 52-week high of $60.95. The company has a market cap of $27.62 billion, a P/E ratio of 14.46 and a beta of 0.64.

iShares MSCI Emerging Markets ETF Company 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.