Dorsey Wright & Associates Buys Shares of 123,461 iShares MSCI Emerging Markets ETF $EEM

Dorsey Wright & Associates bought a new position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 123,461 shares of the exchange traded fund’s stock, valued at approximately $7,011,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of EEM. MidAtlantic Capital Management Inc. acquired a new position in shares of iShares MSCI Emerging Markets ETF during the fourth quarter worth approximately $25,000. Hilton Head Capital Partners LLC bought a new stake in iShares MSCI Emerging Markets ETF during the 4th quarter valued at $25,000. Merkkuri Wealth Advisors LLC acquired a new position in iShares MSCI Emerging Markets ETF during the 1st quarter worth $27,000. Jessup Wealth Management Inc acquired a new position in shares of iShares MSCI Emerging Markets ETF during the fourth quarter valued at $31,000. Finally, Elevated Capital Advisors LLC acquired a new position in shares of iShares MSCI Emerging Markets ETF during the fourth quarter valued at $31,000. 81.39% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Trading Down 1.4%

EEM stock opened at $63.29 on Friday. iShares MSCI Emerging Markets ETF has a 52 week low of $47.98 and a 52 week high of $71.57. The company has a market capitalization of $28.02 billion, a price-to-earnings ratio of 14.46 and a beta of 0.72. The firm’s 50-day moving average is $67.11 and its two-hundred day moving average is $62.20.

About iShares MSCI Emerging Markets ETF

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.