Fairway Wealth LLC Has $11.70 Million Stock Position in iShares MSCI Emerging Markets ETF $EEM

Fairway Wealth LLC grew its position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 16.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 242,545 shares of the exchange traded fund’s stock after buying an additional 34,453 shares during the period. iShares MSCI Emerging Markets ETF accounts for approximately 2.7% of Fairway Wealth LLC’s investment portfolio, making the stock its 15th largest holding. Fairway Wealth LLC owned approximately 0.06% of iShares MSCI Emerging Markets ETF worth $11,700,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in EEM. Goldman Sachs Group Inc. increased its stake in shares of iShares MSCI Emerging Markets ETF by 1,097.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 29,828,908 shares of the exchange traded fund’s stock valued at $1,303,523,000 after buying an additional 32,819,730 shares during the period. JPMorgan Chase & Co. increased its stake in shares of iShares MSCI Emerging Markets ETF by 45.2% in the 1st quarter. JPMorgan Chase & Co. now owns 10,786,595 shares of the exchange traded fund’s stock valued at $471,374,000 after buying an additional 3,359,853 shares during the period. USA Financial Formulas acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the 2nd quarter valued at $67,857,000. Banco Bilbao Vizcaya Argentaria S.A. increased its stake in shares of iShares MSCI Emerging Markets ETF by 1,731.4% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 1,485,008 shares of the exchange traded fund’s stock valued at $64,541,000 after buying an additional 1,403,923 shares during the period. Finally, Flow Traders U.S. LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF during the first quarter worth $48,800,000. 81.39% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Stock Down 0.0%

Shares of iShares MSCI Emerging Markets ETF stock opened at $54.18 on Monday. iShares MSCI Emerging Markets ETF has a 12 month low of $38.19 and a 12 month high of $54.69. The business has a fifty day simple moving average of $51.89 and a 200 day simple moving average of $48.14. The stock has a market cap of $20.60 billion, a PE ratio of 14.46 and a beta of 0.74.

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).