Balanced Wealth Group LLC Raises Stock Position in iShares MSCI Emerging Markets ETF $EEM

Balanced Wealth Group LLC grew its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 4.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,008 shares of the exchange traded fund’s stock after acquiring an additional 2,250 shares during the period. iShares MSCI Emerging Markets ETF comprises about 1.1% of Balanced Wealth Group LLC’s holdings, making the stock its 18th biggest position. Balanced Wealth Group LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $2,428,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of EEM. Brighton Jones LLC grew its holdings in iShares MSCI Emerging Markets ETF by 1.7% in the fourth quarter. Brighton Jones LLC now owns 118,587 shares of the exchange traded fund’s stock valued at $4,959,000 after purchasing an additional 1,940 shares during the last quarter. Assetmark Inc. boosted its position in shares of iShares MSCI Emerging Markets ETF by 17.0% in the 1st quarter. Assetmark Inc. now owns 9,232 shares of the exchange traded fund’s stock worth $403,000 after buying an additional 1,343 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the 1st quarter worth about $160,000. Arkadios Wealth Advisors grew its stake in iShares MSCI Emerging Markets ETF by 20.9% in the 1st quarter. Arkadios Wealth Advisors now owns 9,675 shares of the exchange traded fund’s stock valued at $423,000 after acquiring an additional 1,671 shares during the last quarter. Finally, Harbour Investments Inc. increased its holdings in iShares MSCI Emerging Markets ETF by 12.0% during the 1st quarter. Harbour Investments Inc. now owns 58,081 shares of the exchange traded fund’s stock valued at $2,538,000 after acquiring an additional 6,220 shares in the last quarter. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

Shares of NYSEARCA EEM opened at $54.32 on Friday. iShares MSCI Emerging Markets ETF has a 12-month low of $38.19 and a 12-month high of $56.31. The company has a market capitalization of $20.66 billion, a PE ratio of 14.46 and a beta of 0.64. The firm’s 50-day moving average is $54.26 and its two-hundred day moving average is $50.62.

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).