LPL Financial LLC Increases Position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

LPL Financial LLC raised its position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 14.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,431,417 shares of the exchange traded fund’s stock after purchasing an additional 312,551 shares during the period. LPL Financial LLC owned approximately 0.66% of iShares MSCI Emerging Markets ETF worth $101,682,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. SPX Gestao de Recursos Ltda bought a new position in shares of iShares MSCI Emerging Markets ETF during the 3rd quarter valued at $105,980,000. Raymond James Financial Inc. bought a new position in shares of iShares MSCI Emerging Markets ETF during the fourth quarter valued at about $67,244,000. Erste Asset Management GmbH purchased a new position in shares of iShares MSCI Emerging Markets ETF in the third quarter worth about $29,856,000. Flow Traders U.S. LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF in the 3rd quarter valued at about $17,112,000. Finally, Granite Bay Wealth Management LLC purchased a new stake in iShares MSCI Emerging Markets ETF during the 4th quarter valued at about $13,839,000. Institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

Shares of iShares MSCI Emerging Markets ETF stock opened at $44.65 on Wednesday. iShares MSCI Emerging Markets ETF has a one year low of $39.39 and a one year high of $47.44. The business’s 50 day simple moving average is $43.66 and its two-hundred day simple moving average is $43.83. The stock has a market capitalization of $16.92 billion, a P/E ratio of 14.88 and a beta of 0.72.

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).