41,910 Shares of iShares MSCI Emerging Markets ETF $EEM Purchased by USA Financial Formulas

USA Financial Formulas purchased a new position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the third quarter, HoldingsChannel.com reports. The institutional investor purchased 41,910 shares of the exchange traded fund’s stock, valued at approximately $2,799,000. iShares MSCI Emerging Markets ETF accounts for 0.5% of USA Financial Formulas’ investment portfolio, making the stock its 10th biggest position.

Other large investors have also recently made changes to their positions in the company. Founders Financial Securities LLC grew its holdings in iShares MSCI Emerging Markets ETF by 0.3% during the 1st quarter. Founders Financial Securities LLC now owns 52,222 shares of the exchange traded fund’s stock valued at $3,148,000 after purchasing an additional 163 shares during the last quarter. Arcus Capital Partners LLC raised its position in iShares MSCI Emerging Markets ETF by 1.0% in the 1st quarter. Arcus Capital Partners LLC now owns 16,886 shares of the exchange traded fund’s stock worth $959,000 after purchasing an additional 167 shares during the period. Discipline Wealth Solutions LLC raised its position in iShares MSCI Emerging Markets ETF by 2.3% in the 1st quarter. Discipline Wealth Solutions LLC now owns 8,212 shares of the exchange traded fund’s stock worth $466,000 after purchasing an additional 187 shares during the period. Kagan Cocozza Asset Management lifted its stake in iShares MSCI Emerging Markets ETF by 1.9% in the first quarter. Kagan Cocozza Asset Management now owns 10,445 shares of the exchange traded fund’s stock worth $593,000 after purchasing an additional 191 shares during the last quarter. Finally, Koshinski Asset Management Inc. lifted its stake in iShares MSCI Emerging Markets ETF by 3.9% in the first quarter. Koshinski Asset Management Inc. now owns 5,427 shares of the exchange traded fund’s stock worth $308,000 after purchasing an additional 206 shares during the last quarter. 81.39% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Price Performance

Shares of NYSEARCA EEM opened at $62.85 on Friday. iShares MSCI Emerging Markets ETF has a 1 year low of $52.38 and a 1 year high of $71.57. The firm has a 50-day simple moving average of $66.89 and a two-hundred day simple moving average of $65.65. The company has a market cap of $29.13 billion, a P/E ratio of 14.46 and a beta of 0.74.

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). 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.