Sovereign Financial Group Inc. Raises Stock Position in iShares MSCI Emerging Markets ETF $EEM

Sovereign Financial Group Inc. raised its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 17.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,101 shares of the exchange traded fund’s stock after buying an additional 3,390 shares during the period. Sovereign Financial Group Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $1,114,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in EEM. Tompkins Financial Corp acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the second quarter valued at approximately $26,000. Maseco LLP acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the second quarter valued at approximately $27,000. Golden State Wealth Management LLC grew its position in shares of iShares MSCI Emerging Markets ETF by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 704 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 352 shares during the last quarter. Hemington Wealth Management acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the second quarter valued at approximately $34,000. Finally, Dunhill Financial LLC grew its position in shares of iShares MSCI Emerging Markets ETF by 589.6% in the first quarter. Dunhill Financial LLC now owns 931 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 796 shares during the last quarter. 81.39% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Price Performance

EEM stock opened at $51.94 on Friday. The company’s 50 day simple moving average is $51.43 and its 200-day simple moving average is $47.76. The firm has a market capitalization of $19.75 billion, a PE ratio of 14.46 and a beta of 0.74. iShares MSCI Emerging Markets ETF has a 12 month low of $38.19 and a 12 month high of $54.69.

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).