Allen Investment Management LLC Has $4.19 Million Stock Holdings in iShares MSCI Emerging Markets ETF $EEM

Allen Investment Management LLC boosted its position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 41.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 73,856 shares of the exchange traded fund’s stock after purchasing an additional 21,755 shares during the period. Allen Investment Management LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $4,194,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EEM. MidAtlantic Capital Management Inc. acquired a new stake in iShares MSCI Emerging Markets ETF in the fourth quarter valued at approximately $25,000. Hilton Head Capital Partners LLC bought a new stake in iShares MSCI Emerging Markets ETF in the fourth quarter valued at $25,000. Merkkuri Wealth Advisors LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF during the 1st quarter worth about $27,000. BTG Pactual Asset Management US LLC increased its position in shares of iShares MSCI Emerging Markets ETF by 101.3% during the 3rd quarter. BTG Pactual Asset Management US LLC now owns 571 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 46,071 shares in the last quarter. Finally, Elevated Capital Advisors LLC bought a new position in iShares MSCI Emerging Markets ETF during the 4th quarter valued at about $31,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of EEM stock opened at $63.29 on Monday. The stock’s fifty day moving average is $67.11 and its 200-day moving average is $62.25. The stock has a market capitalization of $28.02 billion, a PE ratio of 14.46 and a beta of 0.72. iShares MSCI Emerging Markets ETF has a 52 week low of $47.98 and a 52 week high of $71.57.

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.