Sunpointe LLC Buys 10,464 Shares of iShares MSCI Emerging Markets ETF $EEM

Sunpointe LLC increased its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 162.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,925 shares of the exchange traded fund’s stock after purchasing an additional 10,464 shares during the quarter. Sunpointe LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $816,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Westshore Wealth LLC boosted its stake in iShares MSCI Emerging Markets ETF by 3.9% in the second quarter. Westshore Wealth LLC now owns 27,145 shares of the exchange traded fund’s stock valued at $1,309,000 after acquiring an additional 1,021 shares during the last quarter. David J Yvars Group bought a new position in iShares MSCI Emerging Markets ETF in the second quarter valued at approximately $389,000. Hardin Capital Partners LLC boosted its stake in iShares MSCI Emerging Markets ETF by 3.2% in the second quarter. Hardin Capital Partners LLC now owns 7,732 shares of the exchange traded fund’s stock valued at $374,000 after acquiring an additional 237 shares during the last quarter. Alesco Advisors LLC bought a new position in iShares MSCI Emerging Markets ETF in the second quarter valued at approximately $213,000. Finally, Boyum Wealth Architects LLC bought a new position in iShares MSCI Emerging Markets ETF in the second quarter valued at approximately $289,000. 81.39% of the stock is owned by institutional investors.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of EEM stock opened at $53.03 on Wednesday. iShares MSCI Emerging Markets ETF has a 52-week low of $38.19 and a 52-week high of $53.07. The stock has a market cap of $20.16 billion, a PE ratio of 14.46 and a beta of 0.74. The firm’s 50 day moving average price is $49.81 and its two-hundred day moving average price is $46.62.

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).