Allium Financial Advisors LLC Purchases 28,998 Shares of iShares MSCI Emerging Markets ETF $EEM

Allium Financial Advisors LLC lifted its position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 35.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 111,066 shares of the exchange traded fund’s stock after purchasing an additional 28,998 shares during the quarter. iShares MSCI Emerging Markets ETF comprises 4.9% of Allium Financial Advisors LLC’s holdings, making the stock its 6th largest position. Allium Financial Advisors LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $5,931,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of EEM. Clal Insurance Enterprises Holdings Ltd purchased a new stake in iShares MSCI Emerging Markets ETF in the third quarter valued at approximately $407,231,000. Corient Private Wealth LLC raised its position in iShares MSCI Emerging Markets ETF by 206.0% during the 2nd 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 iShares MSCI Emerging Markets ETF during the 2nd quarter valued at approximately $100,644,000. Duquesne Family Office LLC acquired a new stake in iShares MSCI Emerging Markets ETF during the 3rd quarter valued at approximately $101,460,000. Finally, Bank of Nova Scotia boosted its holdings in shares of iShares MSCI Emerging Markets ETF by 314.6% in the 2nd quarter. Bank of Nova Scotia now owns 2,240,422 shares of the exchange traded fund’s stock valued at $108,078,000 after acquiring an additional 1,700,100 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 $56.80 on Friday. The firm has a market capitalization of $25.89 billion, a P/E ratio of 14.46 and a beta of 0.64. iShares MSCI Emerging Markets ETF has a 1-year low of $38.19 and a 1-year high of $65.96. The company’s fifty day moving average price is $59.38 and its 200-day moving average price is $55.69.

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). 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.