LPL Financial LLC Purchases 196,473 Shares of iShares MSCI Emerging Markets ETF $EEM

LPL Financial LLC boosted its position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 6.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,401,849 shares of the exchange traded fund’s stock after acquiring an additional 196,473 shares during the period. LPL Financial LLC owned 0.75% of iShares MSCI Emerging Markets ETF worth $186,115,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EEM. Brighton Jones LLC raised 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 acquiring an additional 1,940 shares during the period. AQR Capital Management LLC raised 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 acquiring an additional 9,437 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in iShares MSCI Emerging Markets ETF in the 2nd quarter valued at about $3,957,000. Gamco Investors INC. ET AL bought a new stake in iShares MSCI Emerging Markets ETF in the 2nd quarter valued at about $462,000. Finally, Quantinno Capital Management LP raised 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 acquiring an additional 1,320 shares during the period. 81.39% of the stock is currently owned by institutional investors.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of iShares MSCI Emerging Markets ETF stock opened at $65.82 on Wednesday. iShares MSCI Emerging Markets ETF has a 52-week low of $46.15 and a 52-week high of $70.86. The stock’s 50-day simple moving average is $64.02 and its 200 day simple moving average is $59.69. The stock has a market capitalization of $29.15 billion, a P/E ratio of 14.46 and a beta of 0.73.

iShares MSCI Emerging Markets ETF 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.