Eclectic Associates Inc. ADV Acquires New Stake in iShares MSCI Emerging Markets ETF $EEM

Eclectic Associates Inc. ADV bought a new position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the third quarter, HoldingsChannel reports. The fund bought 13,533 shares of the exchange traded fund’s stock, valued at approximately $904,000.

Other institutional investors have also modified their holdings of the company. First Bancorp Inc ME acquired a new stake in iShares MSCI Emerging Markets ETF during the 2nd quarter worth $37,000. Hilton Head Capital Partners LLC acquired a new position in iShares MSCI Emerging Markets ETF in the fourth quarter valued at $25,000. Merkkuri Wealth Advisors LLC acquired a new position in iShares MSCI Emerging Markets ETF in the first quarter valued at $27,000. MidFirst Bank acquired a new position in iShares MSCI Emerging Markets ETF in the fourth quarter valued at $31,000. Finally, Windsor Advisory Group LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the fourth quarter valued at about $32,000. 81.39% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of EEM opened at $66.10 on Friday. iShares MSCI Emerging Markets ETF has a fifty-two week low of $51.82 and a fifty-two week high of $71.57. The company has a market capitalization of $30.64 billion, a price-to-earnings ratio of 14.46 and a beta of 0.74. The firm has a 50-day simple moving average of $66.91 and a 200-day simple moving average of $65.35.

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.