33,248 Shares of iShares MSCI Emerging Markets ETF $EEM Bought by Avantax Planning Partners Inc.

Avantax Planning Partners Inc. purchased a new stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the third quarter, Holdings Channel.com reports. The firm purchased 33,248 shares of the exchange traded fund’s stock, valued at approximately $2,221,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EEM. Magnus Financial Group LLC raised its stake in shares of iShares MSCI Emerging Markets ETF by 0.5% in the third quarter. Magnus Financial Group LLC now owns 33,124 shares of the exchange traded fund’s stock worth $2,212,000 after purchasing an additional 163 shares during the last quarter. Arcus Capital Partners LLC lifted its holdings in shares of iShares MSCI Emerging Markets ETF by 1.0% in the first quarter. Arcus Capital Partners LLC now owns 16,886 shares of the exchange traded fund’s stock valued at $959,000 after purchasing an additional 167 shares in the last quarter. Winter & Associates Inc. lifted its holdings in shares of iShares MSCI Emerging Markets ETF by 1.3% in the third quarter. Winter & Associates Inc. now owns 13,962 shares of the exchange traded fund’s stock valued at $884,000 after purchasing an additional 174 shares in the last quarter. Apella Capital LLC lifted its holdings in shares of iShares MSCI Emerging Markets ETF by 2.1% in the second quarter. Apella Capital LLC now owns 10,581 shares of the exchange traded fund’s stock valued at $695,000 after purchasing an additional 220 shares in the last quarter. Finally, Adell Harriman & Carpenter Inc. lifted its holdings in shares of iShares MSCI Emerging Markets ETF by 2.3% in the first quarter. Adell Harriman & Carpenter Inc. now owns 10,253 shares of the exchange traded fund’s stock valued at $582,000 after purchasing an additional 232 shares in the last quarter. 81.39% of the stock is owned by institutional investors.

iShares MSCI Emerging Markets ETF Stock Up 2.2%

Shares of NYSEARCA:EEM opened at $59.33 on Friday. The stock has a market cap of $27.50 billion, a price-to-earnings ratio of 14.46 and a beta of 0.77. iShares MSCI Emerging Markets ETF has a 12-month low of $52.38 and a 12-month high of $71.57. The business’s 50 day moving average is $65.43 and its 200 day moving average is $63.88.

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.