B. Riley Wealth Advisors Inc. Makes New Investment in iShares MSCI Emerging Markets ETF $EEM

B. Riley Wealth Advisors Inc. bought a new stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 13,121 shares of the exchange traded fund’s stock, valued at approximately $633,000.

Several other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in shares of iShares MSCI Emerging Markets ETF by 11.6% during the second quarter. JPMorgan Chase & Co. now owns 12,043,203 shares of the exchange traded fund’s stock valued at $580,964,000 after buying an additional 1,256,608 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in iShares MSCI Emerging Markets ETF by 212.1% during the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 4,634,821 shares of the exchange traded fund’s stock valued at $223,062,000 after acquiring an additional 3,149,813 shares during the period. Bank of Nova Scotia grew its position in iShares MSCI Emerging Markets ETF by 314.6% during the 2nd quarter. Bank of Nova Scotia now owns 2,240,422 shares of the exchange traded fund’s stock worth $108,078,000 after purchasing an additional 1,700,100 shares during the period. Invesco Ltd. acquired a new stake in iShares MSCI Emerging Markets ETF during the second quarter worth about $100,644,000. Finally, Raymond James Financial Inc. increased its holdings in shares of iShares MSCI Emerging Markets ETF by 18.3% during the 2nd quarter. Raymond James Financial Inc. now owns 2,031,899 shares of the exchange traded fund’s stock valued at $98,019,000 after purchasing an additional 313,978 shares in the last quarter. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Down 2.0%

Shares of EEM stock opened at $52.98 on Wednesday. The business’s 50 day moving average is $54.46 and its two-hundred day moving average is $51.38. 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 $20.15 billion, a P/E ratio of 14.46 and a beta of 0.64.

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).