NewEdge Wealth LLC Acquires 11,199 Shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

NewEdge Wealth LLC increased its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 75.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 25,964 shares of the exchange traded fund’s stock after purchasing an additional 11,199 shares during the period. NewEdge Wealth LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $1,086,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. DRW Securities LLC lifted its holdings in shares of iShares MSCI Emerging Markets ETF by 603.8% in the third quarter. DRW Securities LLC now owns 2,732,449 shares of the exchange traded fund’s stock worth $125,310,000 after acquiring 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 3rd quarter worth approximately $105,980,000. LPL Financial LLC lifted its stake in iShares MSCI Emerging Markets ETF by 6.2% in the 3rd quarter. LPL Financial LLC now owns 2,118,866 shares of the exchange traded fund’s stock valued at $97,171,000 after purchasing an additional 123,741 shares during the last quarter. Cassaday & Co Wealth Management LLC boosted its position 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 buying an additional 27,779 shares in the last quarter. Finally, Total Investment Management Inc. grew its stake in shares of iShares MSCI Emerging Markets ETF by 3.7% during the fourth quarter. Total Investment Management Inc. now owns 1,541,272 shares of the exchange traded fund’s stock worth $64,456,000 after buying an additional 54,732 shares during the last quarter. 81.39% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of NYSEARCA:EEM opened at $43.21 on Monday. iShares MSCI Emerging Markets ETF has a 52-week low of $39.39 and a 52-week high of $47.44. The company has a market capitalization of $16.00 billion, a PE ratio of 14.53 and a beta of 0.70. The company has a fifty day moving average of $42.86 and a 200-day moving average of $43.69.

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).