45,000 Shares in iShares MSCI Emerging Markets ETF $EEM Bought by Turn8 Private Wealth Inc.

Turn8 Private Wealth Inc. acquired a new position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the 1st quarter, Holdings Channel reports. The fund acquired 45,000 shares of the exchange traded fund’s stock, valued at approximately $2,556,000.

A number of other hedge funds have also modified their holdings of the company. MidAtlantic Capital Management Inc. bought a new position in iShares MSCI Emerging Markets ETF in the fourth quarter valued at approximately $25,000. Hilton Head Capital Partners LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF during the 4th quarter worth approximately $25,000. Merkkuri Wealth Advisors LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the 1st quarter valued at approximately $27,000. BTG Pactual Asset Management US LLC boosted its holdings in shares of iShares MSCI Emerging Markets ETF by 101.3% in the 3rd quarter. BTG Pactual Asset Management US LLC now owns 571 shares of the exchange traded fund’s stock valued at $30,000 after buying an additional 46,071 shares during the last quarter. Finally, Elevated Capital Advisors LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the 4th quarter valued at approximately $31,000. 81.39% of the stock is currently owned by institutional investors.

iShares MSCI Emerging Markets ETF Stock Performance

NYSEARCA:EEM opened at $65.70 on Friday. The stock has a market capitalization of $29.09 billion, a PE ratio of 14.46 and a beta of 0.72. iShares MSCI Emerging Markets ETF has a 1-year low of $47.96 and a 1-year high of $71.57. The firm has a fifty day simple moving average of $66.92 and a 200 day simple moving average of $61.38.

iShares MSCI Emerging Markets ETF Company 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.