Mycio Wealth Partners LLC Purchases 32,575 Shares of iShares MSCI Emerging Markets ETF $EEM

Mycio Wealth Partners LLC bought a new position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the third quarter, Holdings Channel reports. The firm bought 32,575 shares of the exchange traded fund’s stock, valued at approximately $2,176,000. iShares MSCI Emerging Markets ETF makes up about 0.4% of Mycio Wealth Partners LLC’s portfolio, making the stock its 21st biggest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. XP Advisory US Inc. acquired a new position in shares of iShares MSCI Emerging Markets ETF in the 2nd quarter valued at $566,000. IFP Advisors Inc grew its position in iShares MSCI Emerging Markets ETF by 233.9% during the second quarter. IFP Advisors Inc now owns 103,859 shares of the exchange traded fund’s stock valued at $7,105,000 after buying an additional 72,758 shares during the period. First Heartland Consultants Inc. acquired a new stake in iShares MSCI Emerging Markets ETF during the third quarter valued at $17,116,000. Heritage Investors Management Corp acquired a new stake in iShares MSCI Emerging Markets ETF during the third quarter valued at $2,322,000. Finally, Buska Wealth Management LLC grew its position in iShares MSCI Emerging Markets ETF by 77.9% during the third quarter. Buska Wealth Management LLC now owns 74,384 shares of the exchange traded fund’s stock valued at $4,968,000 after buying an additional 32,561 shares during the period. 81.39% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Price Performance

EEM stock opened at $59.33 on Monday. iShares MSCI Emerging Markets ETF has a 52-week low of $52.38 and a 52-week high of $71.57. The firm has a market cap of $27.50 billion, a P/E ratio of 14.46 and a beta of 0.77. The company’s 50-day simple moving average is $65.43 and its 200-day simple moving average is $63.88.

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). 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.