XP Advisory US Inc. Buys New Position in iShares MSCI Emerging Markets ETF $EEM

XP Advisory US Inc. purchased a new stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the second quarter, HoldingsChannel.com reports. The firm purchased 8,272 shares of the exchange traded fund’s stock, valued at approximately $566,000. iShares MSCI Emerging Markets ETF makes up about 0.3% of XP Advisory US Inc.’s portfolio, making the stock its 14th biggest holding.

Several other institutional investors have also added to or reduced their stakes in EEM. MidAtlantic Capital Management Inc. purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the fourth quarter worth about $25,000. Hilton Head Capital Partners LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF in the 4th quarter valued at approximately $25,000. Merkkuri Wealth Advisors LLC acquired a new stake in iShares MSCI Emerging Markets ETF in the 1st quarter worth approximately $27,000. BTG Pactual Asset Management US LLC boosted its stake in iShares MSCI Emerging Markets ETF by 101.3% in 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, MidFirst Bank acquired a new stake in iShares MSCI Emerging Markets ETF in the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Up 1.8%

NYSEARCA:EEM opened at $68.70 on Friday. iShares MSCI Emerging Markets ETF has a twelve month low of $50.17 and a twelve month high of $71.57. The company has a market cap of $30.88 billion, a PE ratio of 14.46 and a beta of 0.74. The company’s 50 day moving average is $65.77 and its two-hundred day moving average is $64.00.

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.