Signal Advisors Wealth LLC bought a new position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM – Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 5,309 shares of the exchange traded fund’s stock, valued at approximately $256,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its position in iShares MSCI Emerging Markets ETF by 1,097.3% in the first quarter. Goldman Sachs Group Inc. now owns 29,828,908 shares of the exchange traded fund’s stock worth $1,303,523,000 after acquiring an additional 32,819,730 shares in the last quarter. JPMorgan Chase & Co. grew its position in iShares MSCI Emerging Markets ETF by 45.2% in the first quarter. JPMorgan Chase & Co. now owns 10,786,595 shares of the exchange traded fund’s stock worth $471,374,000 after acquiring an additional 3,359,853 shares in the last quarter. TD Asset Management Inc grew its position 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 worth $218,470,000 after acquiring an additional 575,932 shares in the last quarter. Envestnet Asset Management Inc. grew its position 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 worth $100,103,000 after acquiring an additional 28,793 shares in the last quarter. Finally, Hirtle Callaghan & Co LLC grew its position in iShares MSCI Emerging Markets ETF by 5.6% in the first quarter. Hirtle Callaghan & Co LLC now owns 1,881,523 shares of the exchange traded fund’s stock worth $82,223,000 after acquiring an additional 100,615 shares in the last quarter. 81.39% of the stock is currently owned by hedge funds and other institutional investors.
iShares MSCI Emerging Markets ETF Stock Down 0.2%
NYSEARCA EEM opened at $53.01 on Friday. The company has a 50-day simple moving average of $50.10 and a two-hundred day simple moving average of $46.82. iShares MSCI Emerging Markets ETF has a 12-month low of $38.19 and a 12-month high of $53.67. The firm has a market cap of $20.16 billion, a price-to-earnings ratio of 14.46 and a beta of 0.74.
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).
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