Geneos Wealth Management Inc. Increases Stock Holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Geneos Wealth Management Inc. grew its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 21.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 136,579 shares of the exchange traded fund’s stock after buying an additional 23,772 shares during the quarter. Geneos Wealth Management Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $5,969,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the business. TD Asset Management Inc lifted its stake in iShares MSCI Emerging Markets ETF by 13.0% in the first quarter. TD Asset Management Inc now owns 4,999,304 shares of the exchange traded fund’s stock valued at $218,470,000 after buying an additional 575,932 shares during the last quarter. Lazard Asset Management LLC lifted its stake in iShares MSCI Emerging Markets ETF by 233.0% in the fourth quarter. Lazard Asset Management LLC now owns 2,738,713 shares of the exchange traded fund’s stock valued at $114,532,000 after buying an additional 1,916,377 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in iShares MSCI Emerging Markets ETF by 1.3% in the first quarter. Envestnet Asset Management Inc. now owns 2,290,688 shares of the exchange traded fund’s stock valued at $100,103,000 after buying an additional 28,793 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in iShares MSCI Emerging Markets ETF by 1.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,516,562 shares of the exchange traded fund’s stock valued at $63,423,000 after buying an additional 17,888 shares during the last quarter. Finally, Bank of Nova Scotia increased its holdings in shares of iShares MSCI Emerging Markets ETF by 327.0% in the fourth quarter. Bank of Nova Scotia now owns 1,501,822 shares of the exchange traded fund’s stock valued at $62,806,000 after purchasing an additional 1,150,147 shares during the period. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Up 0.0%

NYSEARCA:EEM opened at $49.20 on Wednesday. The firm has a market cap of $18.71 billion, a P/E ratio of 14.46 and a beta of 0.74. The stock’s 50 day simple moving average is $47.70 and its 200-day simple moving average is $44.93. iShares MSCI Emerging Markets ETF has a 12-month low of $38.19 and a 12-month high of $49.96.

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).