Harmony Asset Management LLC Takes Position in iShares MSCI Emerging Markets ETF $EEM

Harmony Asset Management LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the 1st quarter, Holdings Channel.com reports. The firm bought 46,189 shares of the exchange traded fund’s stock, valued at approximately $2,623,000.

A number of other hedge funds have also recently bought and sold shares of EEM. Founders Financial Securities LLC lifted its holdings in iShares MSCI Emerging Markets ETF by 0.3% in the 1st quarter. Founders Financial Securities LLC now owns 52,222 shares of the exchange traded fund’s stock valued at $3,148,000 after acquiring an additional 163 shares during the last quarter. Hazlett Burt & Watson Inc. boosted its position in shares of iShares MSCI Emerging Markets ETF by 5.3% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 3,388 shares of the exchange traded fund’s stock valued at $184,000 after purchasing an additional 169 shares in the last quarter. Cim LLC grew its stake in shares of iShares MSCI Emerging Markets ETF by 3.0% in the 4th quarter. Cim LLC now owns 6,326 shares of the exchange traded fund’s stock worth $346,000 after purchasing an additional 182 shares during the last quarter. Nicolet Advisory Services LLC grew its stake in shares of iShares MSCI Emerging Markets ETF by 2.9% in the 4th quarter. Nicolet Advisory Services LLC now owns 6,516 shares of the exchange traded fund’s stock worth $378,000 after purchasing an additional 184 shares during the last quarter. Finally, Vivaldi Capital Management LP raised its holdings in shares of iShares MSCI Emerging Markets ETF by 1.7% in the 4th quarter. Vivaldi Capital Management LP now owns 11,128 shares of the exchange traded fund’s stock worth $609,000 after purchasing an additional 186 shares in the last quarter. 81.39% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Price Performance

EEM stock opened at $65.57 on Thursday. iShares MSCI Emerging Markets ETF has a 12 month low of $47.98 and a 12 month high of $71.57. The firm has a market cap of $29.03 billion, a PE ratio of 14.46 and a beta of 0.72. The firm has a 50 day simple moving average of $67.25 and a 200 day simple moving average of $62.13.

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.