Brookstone Capital Management Buys 2,404 Shares of iShares MSCI Emerging Markets ETF $EEM

Brookstone Capital Management boosted its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 35.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 9,231 shares of the exchange traded fund’s stock after purchasing an additional 2,404 shares during the period. Brookstone Capital Management’s holdings in iShares MSCI Emerging Markets ETF were worth $445,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Sowell Financial Services LLC raised its holdings in shares of iShares MSCI Emerging Markets ETF by 0.3% in the 2nd quarter. Sowell Financial Services LLC now owns 71,413 shares of the exchange traded fund’s stock valued at $3,445,000 after purchasing an additional 211 shares in the last quarter. Red Tortoise LLC raised its holdings in shares of iShares MSCI Emerging Markets ETF by 0.8% in the 2nd quarter. Red Tortoise LLC now owns 28,704 shares of the exchange traded fund’s stock valued at $1,385,000 after purchasing an additional 220 shares in the last quarter. Private Wealth Asset Management LLC raised its holdings in shares of iShares MSCI Emerging Markets ETF by 0.6% in the 2nd quarter. Private Wealth Asset Management LLC now owns 38,779 shares of the exchange traded fund’s stock valued at $1,871,000 after purchasing an additional 236 shares in the last quarter. Hardin Capital Partners LLC raised its holdings in shares of iShares MSCI Emerging Markets ETF by 3.2% in the 2nd quarter. Hardin Capital Partners LLC now owns 7,732 shares of the exchange traded fund’s stock valued at $374,000 after purchasing an additional 237 shares in the last quarter. Finally, ShoreHaven Wealth Partners LLC raised its holdings in shares of iShares MSCI Emerging Markets ETF by 1.4% in the 2nd quarter. ShoreHaven Wealth Partners LLC now owns 17,714 shares of the exchange traded fund’s stock valued at $855,000 after purchasing an additional 238 shares in the last quarter. Institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

NYSEARCA:EEM opened at $55.71 on Tuesday. The firm has a 50-day simple moving average of $52.48 and a 200-day simple moving average of $48.77. iShares MSCI Emerging Markets ETF has a one year low of $38.19 and a one year high of $55.74. The firm has a market cap of $21.18 billion, a P/E ratio of 14.46 and a beta of 0.64.

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).