M1 Capital Management LLC Takes Position in iShares MSCI Emerging Markets ETF $EEM

M1 Capital Management LLC bought a new position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 72,913 shares of the exchange traded fund’s stock, valued at approximately $3,517,000. iShares MSCI Emerging Markets ETF accounts for 1.8% of M1 Capital Management LLC’s investment portfolio, making the stock its 15th biggest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barings LLC bought a new position in iShares MSCI Emerging Markets ETF in the first quarter worth $24,806,000. US Financial Advisors LLC lifted its position in iShares MSCI Emerging Markets ETF by 11.6% in the first quarter. US Financial Advisors LLC now owns 226,949 shares of the exchange traded fund’s stock worth $9,918,000 after purchasing an additional 23,542 shares during the period. Geneos Wealth Management Inc. lifted its position in iShares MSCI Emerging Markets ETF by 21.1% in the first quarter. Geneos Wealth Management Inc. now owns 136,579 shares of the exchange traded fund’s stock worth $5,969,000 after purchasing an additional 23,772 shares during the period. Aegis Wealth Management LLC lifted its position in iShares MSCI Emerging Markets ETF by 68.7% in the first quarter. Aegis Wealth Management LLC now owns 8,593 shares of the exchange traded fund’s stock worth $376,000 after purchasing an additional 3,500 shares during the period. Finally, MMA Asset Management LLC lifted its position in iShares MSCI Emerging Markets ETF by 6.4% in the first quarter. MMA Asset Management LLC now owns 105,759 shares of the exchange traded fund’s stock worth $4,622,000 after purchasing an additional 6,329 shares during the period. 81.39% of the stock is owned by institutional investors.

iShares MSCI Emerging Markets ETF Price Performance

Shares of EEM stock opened at $53.93 on Friday. The stock has a market cap of $20.51 billion, a P/E ratio of 14.46 and a beta of 0.74. iShares MSCI Emerging Markets ETF has a one year low of $38.19 and a one year high of $54.69. The stock has a fifty day moving average price of $51.36 and a 200 day moving average price of $47.69.

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).