7,611 Shares in iShares MSCI Emerging Markets ETF $EEM Purchased by Summit Wealth Partners LLC

Summit Wealth Partners LLC purchased a new stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 7,611 shares of the exchange traded fund’s stock, valued at approximately $432,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Clal Insurance Enterprises Holdings Ltd purchased a new stake in iShares MSCI Emerging Markets ETF in the third quarter valued at approximately $407,231,000. Hsbc Holdings PLC grew its stake in iShares MSCI Emerging Markets ETF by 74.9% in the 4th quarter. Hsbc Holdings PLC now owns 6,591,631 shares of the exchange traded fund’s stock worth $360,596,000 after buying an additional 2,823,265 shares in the last quarter. National Bank of Canada FI grew its stake in iShares MSCI Emerging Markets ETF by 21,534.1% in the 3rd quarter. National Bank of Canada FI now owns 1,979,092 shares of the exchange traded fund’s stock worth $105,689,000 after buying an additional 1,969,944 shares in the last quarter. Duquesne Family Office LLC bought a new position in shares of iShares MSCI Emerging Markets ETF in the 3rd quarter worth $101,460,000. Finally, MKP Capital Management L.L.C. bought a new position in shares of iShares MSCI Emerging Markets ETF in the 4th quarter worth $90,983,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

iShares MSCI Emerging Markets ETF stock opened at $67.17 on Wednesday. iShares MSCI Emerging Markets ETF has a fifty-two week low of $47.41 and a fifty-two week high of $71.57. The stock has a market cap of $29.74 billion, a P/E ratio of 14.46 and a beta of 0.73. The firm’s fifty day moving average price is $66.20 and its 200-day moving average price is $60.73.

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). The Index is designed to measure equity market performance in the global emerging markets. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.