Pillar Financial Advisors LLC Acquires Shares of 673 iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Pillar Financial Advisors LLC purchased a new position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 673 shares of the exchange traded fund’s stock, valued at approximately $28,000.

Other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased its position in shares of iShares MSCI Emerging Markets ETF by 41.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 45,133 shares of the exchange traded fund’s stock worth $1,887,000 after purchasing an additional 13,160 shares during the last quarter. Bleakley Financial Group LLC bought a new position in iShares MSCI Emerging Markets ETF during the fourth quarter valued at approximately $204,000. Sincerus Advisory LLC bought a new position in iShares MSCI Emerging Markets ETF during the fourth quarter valued at approximately $1,552,000. QRG Capital Management Inc. bought a new position in iShares MSCI Emerging Markets ETF during the fourth quarter valued at approximately $205,000. Finally, Sanctuary Advisors LLC grew its position in iShares MSCI Emerging Markets ETF by 44.6% during the fourth quarter. Sanctuary Advisors LLC now owns 127,543 shares of the exchange traded fund’s stock valued at $5,511,000 after acquiring an additional 39,361 shares during the last quarter. 81.39% of the stock is currently owned by institutional investors.

iShares MSCI Emerging Markets ETF Price Performance

Shares of NYSEARCA EEM opened at $44.42 on Friday. iShares MSCI Emerging Markets ETF has a one year low of $39.39 and a one year high of $47.44. The firm’s 50 day simple moving average is $42.99 and its two-hundred day simple moving average is $43.70. The stock has a market capitalization of $16.45 billion, a P/E ratio of 14.53 and a beta of 0.70.

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).