Advisors Preferred LLC Buys Shares of 34,498 iShares MSCI Emerging Markets ETF $EEM

Advisors Preferred LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the first quarter, Holdings Channel reports. The fund bought 34,498 shares of the exchange traded fund’s stock, valued at approximately $1,959,000.

Other large investors also recently modified their holdings of the company. MidAtlantic Capital Management Inc. bought a new stake in shares of iShares MSCI Emerging Markets ETF in the 4th quarter worth approximately $25,000. Hilton Head Capital Partners LLC bought a new position in iShares MSCI Emerging Markets ETF during the fourth quarter valued at $25,000. Merkkuri Wealth Advisors LLC bought a new position in iShares MSCI Emerging Markets ETF during the first quarter valued at $27,000. Jessup Wealth Management Inc bought a new position in iShares MSCI Emerging Markets ETF during the fourth quarter valued at $31,000. Finally, Elevated Capital Advisors LLC purchased a new stake in iShares MSCI Emerging Markets ETF in the fourth quarter worth $31,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

Shares of EEM opened at $65.67 on Wednesday. The firm has a market cap of $29.08 billion, a PE ratio of 14.46 and a beta of 0.72. The stock’s fifty day moving average price is $67.29 and its two-hundred day moving average price is $62.05. iShares MSCI Emerging Markets ETF has a 1 year low of $47.98 and a 1 year high of $71.57.

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.