Empower Advisory Group LLC Has $351,000 Holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Empower Advisory Group LLC grew its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 6.1% in the 4th quarter, HoldingsChannel reports. The fund owned 8,389 shares of the exchange traded fund’s stock after purchasing an additional 485 shares during the quarter. Empower Advisory Group LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $351,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EEM. DRW Securities LLC raised its position in shares of iShares MSCI Emerging Markets ETF by 603.8% in the third quarter. DRW Securities LLC now owns 2,732,449 shares of the exchange traded fund’s stock valued at $125,310,000 after buying an additional 2,344,192 shares in the last quarter. SPX Gestao de Recursos Ltda acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the third quarter valued at approximately $105,980,000. Erste Asset Management GmbH acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the third quarter valued at approximately $29,856,000. Flow Traders U.S. LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the third quarter valued at approximately $17,112,000. Finally, Granite Bay Wealth Management LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the fourth quarter valued at approximately $13,839,000. 81.39% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Trading Down 0.2 %

NYSEARCA EEM opened at $44.62 on Thursday. iShares MSCI Emerging Markets ETF has a 1-year low of $39.39 and a 1-year high of $47.44. The company has a 50 day moving average of $42.68 and a 200-day moving average of $43.55.

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).