Founders Financial Securities LLC Buys New Stake in iShares MSCI Emerging Markets ETF $EEM

Founders Financial Securities LLC bought a new stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 50,382 shares of the exchange traded fund’s stock, valued at approximately $2,690,000.

A number of other large investors also recently added to or reduced their stakes in EEM. Tompkins Financial Corp purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the 2nd quarter valued at $26,000. Maseco LLP acquired a new position in iShares MSCI Emerging Markets ETF in the 2nd quarter valued at about $27,000. Hemington Wealth Management purchased a new stake in iShares MSCI Emerging Markets ETF during the second quarter worth about $34,000. Traub Capital Management LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF during the second quarter worth about $34,000. Finally, Gladwyn Financial Advisors Inc. acquired a new stake in shares of iShares MSCI Emerging Markets ETF during the second quarter worth about $35,000. 81.39% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Stock Performance

NYSEARCA EEM opened at $54.31 on Wednesday. The firm has a market cap of $20.65 billion, a price-to-earnings ratio of 14.46 and a beta of 0.64. The firm has a 50 day simple moving average of $54.48 and a 200-day simple moving average of $51.63. iShares MSCI Emerging Markets ETF has a one year low of $38.19 and a one year high of $56.31.

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). The Index is designed to measure equity market performance in the global emerging markets. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.