Fairway Wealth LLC Has $13.56 Million Stake in iShares MSCI Emerging Markets ETF $EEM

Fairway Wealth LLC boosted its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 4.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 253,880 shares of the exchange traded fund’s stock after acquiring an additional 11,335 shares during the quarter. iShares MSCI Emerging Markets ETF accounts for 2.9% of Fairway Wealth LLC’s portfolio, making the stock its 13th largest position. Fairway Wealth LLC owned about 0.07% of iShares MSCI Emerging Markets ETF worth $13,557,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Banco Bilbao Vizcaya Argentaria S.A. increased its position in shares of 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 worth $223,062,000 after purchasing an additional 3,149,813 shares in the last quarter. Corient Private Wealth LLC grew its stake in iShares MSCI Emerging Markets ETF by 206.0% during the second quarter. Corient Private Wealth LLC now owns 3,240,329 shares of the exchange traded fund’s stock worth $156,313,000 after buying an additional 2,181,269 shares during the last quarter. Invesco Ltd. acquired a new stake in shares of iShares MSCI Emerging Markets ETF during the second quarter worth approximately $100,644,000. Bank of Nova Scotia increased its holdings in shares of iShares MSCI Emerging Markets ETF by 314.6% during the second quarter. Bank of Nova Scotia now owns 2,240,422 shares of the exchange traded fund’s stock worth $108,078,000 after buying an additional 1,700,100 shares in the last quarter. Finally, Bailard Inc. raised its stake in shares of iShares MSCI Emerging Markets ETF by 670.9% in the second quarter. Bailard Inc. now owns 1,894,392 shares of the exchange traded fund’s stock valued at $91,385,000 after acquiring an additional 1,648,670 shares during the last quarter. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

NYSEARCA EEM opened at $58.26 on Thursday. The firm has a market cap of $23.88 billion, a PE ratio of 14.46 and a beta of 0.64. iShares MSCI Emerging Markets ETF has a one year low of $38.19 and a one year high of $58.48. The stock’s 50 day simple moving average is $55.11 and its 200 day simple moving average is $52.91.

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). 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.