Washington Growth Strategies LLC Buys 9,328 Shares of iShares MSCI Emerging Markets ETF $EEM

Washington Growth Strategies LLC grew its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 6.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 159,243 shares of the exchange traded fund’s stock after purchasing an additional 9,328 shares during the quarter. iShares MSCI Emerging Markets ETF makes up approximately 5.6% of Washington Growth Strategies LLC’s investment portfolio, making the stock its 4th largest holding. Washington Growth Strategies LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $8,712,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of EEM. Versant Capital Management Inc raised its holdings in iShares MSCI Emerging Markets ETF by 369.7% in the 3rd quarter. Versant Capital Management Inc now owns 465 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 366 shares during the period. BTG Pactual Asset Management US LLC boosted its holdings in shares of iShares MSCI Emerging Markets ETF by 101.3% during the third quarter. BTG Pactual Asset Management US LLC now owns 571 shares of the exchange traded fund’s stock worth $30,000 after acquiring an additional 46,071 shares during the period. Richardson Capital Management LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF during the third quarter worth approximately $33,000. Accredited Wealth Management LLC grew its position in shares of iShares MSCI Emerging Markets ETF by 42.7% in the third quarter. Accredited Wealth Management LLC now owns 688 shares of the exchange traded fund’s stock valued at $37,000 after purchasing an additional 206 shares during the last quarter. Finally, Heartwood Wealth Advisors LLC bought a new position in shares of iShares MSCI Emerging Markets ETF during the third quarter worth approximately $37,000. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Up 1.9%

NYSEARCA:EEM opened at $62.24 on Wednesday. The stock has a 50 day simple moving average of $59.12 and a 200 day simple moving average of $56.67. The stock has a market cap of $27.56 billion, a P/E ratio of 14.46 and a beta of 0.66. iShares MSCI Emerging Markets ETF has a 1-year low of $41.43 and a 1-year high of $65.96.

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.