Clarity Wealth Advisors LLC Grows Stock Position in iShares MSCI Emerging Markets ETF $EEM

Clarity Wealth Advisors LLC raised its position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 9.8% in the 1st quarter, Holdings Channel reports. The fund owned 209,326 shares of the exchange traded fund’s stock after purchasing an additional 18,637 shares during the period. iShares MSCI Emerging Markets ETF accounts for 2.4% of Clarity Wealth Advisors LLC’s holdings, making the stock its 12th biggest holding. Clarity Wealth Advisors LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $11,888,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in EEM. Hsbc Holdings PLC lifted its position in shares of iShares MSCI Emerging Markets ETF by 74.9% during the fourth quarter. Hsbc Holdings PLC now owns 6,591,631 shares of the exchange traded fund’s stock worth $360,596,000 after purchasing an additional 2,823,265 shares in the last quarter. National Bank of Canada FI grew its holdings in iShares MSCI Emerging Markets ETF by 21,534.1% during the 3rd quarter. National Bank of Canada FI now owns 1,979,092 shares of the exchange traded fund’s stock valued at $105,689,000 after purchasing an additional 1,969,944 shares in the last quarter. Duquesne Family Office LLC acquired a new stake in iShares MSCI Emerging Markets ETF during the 3rd quarter valued at $101,460,000. MKP Capital Management L.L.C. purchased a new stake in iShares MSCI Emerging Markets ETF during the 4th quarter worth $90,983,000. Finally, SPX Gestao de Recursos Ltda increased its stake in iShares MSCI Emerging Markets ETF by 1,133.3% during the 3rd quarter. SPX Gestao de Recursos Ltda now owns 1,480,000 shares of the exchange traded fund’s stock worth $79,032,000 after buying an additional 1,360,000 shares during the period. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

Shares of EEM stock opened at $65.70 on Friday. iShares MSCI Emerging Markets ETF has a 12 month low of $47.96 and a 12 month high of $71.57. The firm has a market capitalization of $29.09 billion, a P/E ratio of 14.46 and a beta of 0.72. The company’s fifty day moving average price is $66.87 and its two-hundred day moving average price is $61.34.

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.