IFP Advisors Inc Increases Stock Holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

IFP Advisors Inc raised its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 7.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 25,064 shares of the exchange traded fund’s stock after acquiring an additional 1,760 shares during the quarter. IFP Advisors Inc’s holdings in iShares MSCI Emerging Markets ETF were worth $1,048,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its stake in iShares MSCI Emerging Markets ETF by 4,429.5% in the 3rd quarter. International Assets Investment Management LLC now owns 313,035 shares of the exchange traded fund’s stock worth $14,356,000 after purchasing an additional 306,124 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of iShares MSCI Emerging Markets ETF in the third quarter worth $982,000. Strategic Blueprint LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF during the third quarter worth $221,000. Golden State Equity Partners purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the third quarter valued at $227,000. Finally, Pinnacle Associates Ltd. increased its position in shares of iShares MSCI Emerging Markets ETF by 37.3% in the 3rd quarter. Pinnacle Associates Ltd. now owns 6,781 shares of the exchange traded fund’s stock valued at $311,000 after acquiring an additional 1,842 shares during the period. 81.39% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Price Performance

Shares of EEM stock opened at $43.81 on Friday. The business has a fifty day moving average of $42.84 and a 200 day moving average of $43.67. iShares MSCI Emerging Markets ETF has a 1 year low of $39.39 and a 1 year high of $47.44. The firm has a market capitalization of $16.23 billion, a price-to-earnings ratio of 14.53 and a beta of 0.70.

iShares MSCI Emerging Markets ETF Company 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).