Sagespring Wealth Partners LLC Makes New $871,000 Investment in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Sagespring Wealth Partners LLC acquired a new stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 20,821 shares of the exchange traded fund’s stock, valued at approximately $871,000.

Several other hedge funds have also recently modified their holdings of EEM. Townsquare Capital LLC increased its position in shares of iShares MSCI Emerging Markets ETF by 4.4% during the fourth quarter. Townsquare Capital LLC now owns 167,855 shares of the exchange traded fund’s stock valued at $7,020,000 after acquiring an additional 7,085 shares during the last quarter. NFP Retirement Inc. grew its stake in iShares MSCI Emerging Markets ETF by 8.0% in the 4th quarter. NFP Retirement Inc. now owns 15,314 shares of the exchange traded fund’s stock valued at $640,000 after purchasing an additional 1,131 shares during the period. Coign Capital Advisors LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the 4th quarter valued at $653,000. Tandem Wealth Advisors LLC raised its stake in shares of iShares MSCI Emerging Markets ETF by 5.8% during the 4th quarter. Tandem Wealth Advisors LLC now owns 147,393 shares of the exchange traded fund’s stock worth $6,164,000 after purchasing an additional 8,021 shares during the period. Finally, Redwood Park Advisors LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF during the 4th quarter worth $89,000. Institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

EEM opened at $41.75 on Monday. iShares MSCI Emerging Markets ETF has a fifty-two week low of $38.19 and a fifty-two week high of $47.44. The firm has a 50-day moving average of $43.49 and a 200 day moving average of $43.65. The firm has a market cap of $15.88 billion, a P/E ratio of 14.53 and a beta of 0.63.

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).