Sequoia Financial Advisors LLC Grows Stock Position in iShares MSCI Emerging Markets ETF $EEM

Sequoia Financial Advisors LLC increased its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 53.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,799 shares of the exchange traded fund’s stock after buying an additional 10,735 shares during the period. Sequoia Financial Advisors LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $1,685,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC lifted its stake in iShares MSCI Emerging Markets ETF by 1.7% in the 4th quarter. Brighton Jones LLC now owns 118,587 shares of the exchange traded fund’s stock valued at $4,959,000 after buying an additional 1,940 shares in the last quarter. AQR Capital Management LLC lifted its stake in iShares MSCI Emerging Markets ETF by 13.3% in the 1st quarter. AQR Capital Management LLC now owns 80,248 shares of the exchange traded fund’s stock valued at $3,507,000 after buying an additional 9,437 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in iShares MSCI Emerging Markets ETF in the 2nd quarter valued at approximately $3,957,000. Gamco Investors INC. ET AL purchased a new stake in iShares MSCI Emerging Markets ETF in the 2nd quarter valued at approximately $462,000. Finally, Quantinno Capital Management LP lifted its stake in iShares MSCI Emerging Markets ETF by 3.1% in the 2nd quarter. Quantinno Capital Management LP now owns 43,885 shares of the exchange traded fund’s stock valued at $2,117,000 after buying an additional 1,320 shares in the last quarter. 81.39% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Stock Performance

EEM stock opened at $67.89 on Tuesday. iShares MSCI Emerging Markets ETF has a 1 year low of $45.23 and a 1 year high of $68.15. The stock’s 50 day moving average price is $60.18 and its 200 day moving average price is $57.91. The firm has a market cap of $30.06 billion, a P/E ratio of 14.46 and a beta of 0.71.

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.