Clune & Associates LTD. Invests $2.01 Million in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Clune & Associates LTD. acquired a new position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the fourth quarter, Holdings Channel.com reports. The firm acquired 48,126 shares of the exchange traded fund’s stock, valued at approximately $2,013,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. DRW Securities LLC boosted its holdings in shares of iShares MSCI Emerging Markets ETF by 603.8% in the 3rd quarter. DRW Securities LLC now owns 2,732,449 shares of the exchange traded fund’s stock worth $125,310,000 after purchasing an additional 2,344,192 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of iShares MSCI Emerging Markets ETF by 14.8% in the 4th quarter. LPL Financial LLC now owns 2,431,417 shares of the exchange traded fund’s stock worth $101,682,000 after purchasing an additional 312,551 shares in the last quarter. SPX Gestao de Recursos Ltda purchased a new position in shares of iShares MSCI Emerging Markets ETF in the 3rd quarter worth about $105,980,000. Cassaday & Co Wealth Management LLC boosted its holdings in shares of iShares MSCI Emerging Markets ETF by 1.5% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 1,936,480 shares of the exchange traded fund’s stock worth $80,984,000 after purchasing an additional 27,779 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of iShares MSCI Emerging Markets ETF in the 4th quarter worth about $67,244,000. 81.39% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Trading Down 0.5 %

EEM opened at $44.58 on Monday. The stock has a 50-day moving average price of $43.51 and a 200-day moving average price of $43.79. iShares MSCI Emerging Markets ETF has a 12-month low of $39.39 and a 12-month high of $47.44. The stock has a market capitalization of $16.89 billion, a P/E ratio of 14.88 and a beta of 0.72.

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).