Commonwealth Equity Services LLC Has $22.55 Million Holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Commonwealth Equity Services LLC decreased its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 2.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 539,179 shares of the exchange traded fund’s stock after selling 13,690 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.15% of iShares MSCI Emerging Markets ETF worth $22,548,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in EEM. DRW Securities LLC increased its position in shares of iShares MSCI Emerging Markets ETF by 603.8% during 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 during the last quarter. SPX Gestao de Recursos Ltda acquired a new position in iShares MSCI Emerging Markets ETF during the third quarter worth $105,980,000. LPL Financial LLC raised its position in iShares MSCI Emerging Markets ETF by 6.2% during the third quarter. LPL Financial LLC now owns 2,118,866 shares of the exchange traded fund’s stock worth $97,171,000 after acquiring an additional 123,741 shares in the last quarter. Cassaday & Co Wealth Management LLC lifted its stake in iShares MSCI Emerging Markets ETF by 1.5% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 1,936,480 shares of the exchange traded fund’s stock valued at $80,984,000 after acquiring an additional 27,779 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of iShares MSCI Emerging Markets ETF in the 4th quarter valued at about $67,244,000. Institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of EEM stock opened at $44.58 on Monday. iShares MSCI Emerging Markets ETF has a 52-week low of $39.39 and a 52-week high of $47.44. The stock has a market cap of $16.89 billion, a price-to-earnings ratio of 14.88 and a beta of 0.72. The firm’s 50-day moving average is $43.19 and its 200-day moving average is $43.72.

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).