SVB Wealth LLC Takes Position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

SVB Wealth LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 111,311 shares of the exchange traded fund’s stock, valued at approximately $4,655,000.

Several other hedge funds also recently bought and sold shares of the company. DRW Securities LLC grew its holdings in 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 buying an additional 2,344,192 shares in the last quarter. SPX Gestao de Recursos Ltda purchased a new position in iShares MSCI Emerging Markets ETF during the third quarter valued at $105,980,000. LPL Financial LLC grew its stake 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 acquiring an additional 123,741 shares in the last quarter. Cassaday & Co Wealth Management LLC lifted its stake in iShares MSCI Emerging Markets ETF by 1.5% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 1,936,480 shares of the exchange traded fund’s stock worth $80,984,000 after purchasing an additional 27,779 shares in the last quarter. Finally, Total Investment Management Inc. boosted its holdings in shares of iShares MSCI Emerging Markets ETF by 3.7% during the 4th quarter. Total Investment Management Inc. now owns 1,541,272 shares of the exchange traded fund’s stock valued at $64,456,000 after purchasing an additional 54,732 shares during the last quarter. Institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Down 1.4 %

Shares of EEM stock opened at $43.21 on Friday. The stock has a market capitalization of $16.00 billion, a price-to-earnings ratio of 14.53 and a beta of 0.70. iShares MSCI Emerging Markets ETF has a 12-month low of $39.39 and a 12-month high of $47.44. The stock’s 50-day moving average price is $42.86 and its 200-day moving average price is $43.68.

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).