17,608 Shares in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) Purchased by Independent Advisor Alliance

Independent Advisor Alliance acquired a new position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 17,608 shares of the exchange traded fund’s stock, valued at approximately $736,000.

Several other hedge funds have also added to or reduced their stakes in EEM. DRW Securities LLC grew its position in shares of iShares MSCI Emerging Markets ETF by 603.8% during the 3rd quarter. DRW Securities LLC now owns 2,732,449 shares of the exchange traded fund’s stock valued at $125,310,000 after acquiring an additional 2,344,192 shares during the period. SPX Gestao de Recursos Ltda purchased a new position in iShares MSCI Emerging Markets ETF in the third quarter valued at approximately $105,980,000. LPL Financial LLC grew its holdings in iShares MSCI Emerging Markets ETF by 6.2% during the third quarter. LPL Financial LLC now owns 2,118,866 shares of the exchange traded fund’s stock valued at $97,171,000 after purchasing an additional 123,741 shares during the period. Cassaday & Co Wealth Management LLC increased its position in iShares MSCI Emerging Markets ETF by 1.5% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 1,936,480 shares of the exchange traded fund’s stock worth $80,984,000 after buying an additional 27,779 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of iShares MSCI Emerging Markets ETF in the fourth quarter valued at $67,244,000. Institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

EEM stock opened at $44.58 on Monday. The stock has a fifty day moving average of $43.19 and a 200-day moving average of $43.72. iShares MSCI Emerging Markets ETF has a fifty-two week low of $39.39 and a fifty-two week high of $47.44. The company has a market capitalization of $16.89 billion, a price-to-earnings ratio of 14.88 and a beta of 0.72.

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).