Plan Group Financial LLC Buys New Stake in iShares MSCI Emerging Markets ETF $EEM

Plan Group Financial LLC bought a new position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the third quarter, HoldingsChannel.com reports. The firm bought 20,065 shares of the exchange traded fund’s stock, valued at approximately $1,071,000.

Other hedge funds also recently bought and sold shares of the company. Tompkins Financial Corp acquired a new position in shares of iShares MSCI Emerging Markets ETF during the 2nd quarter worth about $26,000. Maseco LLP acquired a new stake in iShares MSCI Emerging Markets ETF in the 2nd quarter valued at approximately $27,000. Hemington Wealth Management bought a new position in iShares MSCI Emerging Markets ETF in the 2nd quarter worth approximately $34,000. Traub Capital Management LLC acquired a new position in shares of iShares MSCI Emerging Markets ETF during the second quarter worth approximately $34,000. Finally, Gladwyn Financial Advisors Inc. acquired a new position in shares of iShares MSCI Emerging Markets ETF during the second quarter worth approximately $35,000. 81.39% of the stock is currently owned by institutional investors.

iShares MSCI Emerging Markets ETF Trading Down 0.7%

EEM opened at $57.51 on Wednesday. The business has a 50 day moving average of $54.78 and a 200-day moving average of $52.54. The stock has a market capitalization of $22.75 billion, a price-to-earnings ratio of 14.46 and a beta of 0.64. iShares MSCI Emerging Markets ETF has a 1-year low of $38.19 and a 1-year high of $57.97.

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.