Wealth Alliance Makes New $1.67 Million Investment in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Wealth Alliance bought a new position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 39,809 shares of the exchange traded fund’s stock, valued at approximately $1,665,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EEM. DRW Securities LLC increased its stake in iShares MSCI Emerging Markets ETF by 603.8% during the third quarter. DRW Securities LLC now owns 2,732,449 shares of the exchange traded fund’s stock worth $125,310,000 after acquiring an additional 2,344,192 shares during the last quarter. SPX Gestao de Recursos Ltda acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the third quarter valued at $105,980,000. Erste Asset Management GmbH acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the third quarter valued at $29,856,000. Flow Traders U.S. LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the third quarter valued at $17,112,000. Finally, Granite Bay Wealth Management LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the fourth quarter valued at $13,839,000. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Down 0.2 %

Shares of NYSEARCA EEM opened at $44.62 on Thursday. iShares MSCI Emerging Markets ETF has a twelve month low of $39.39 and a twelve month high of $47.44. The stock has a fifty day simple moving average of $42.68 and a 200-day simple moving average of $43.55.

iShares MSCI Emerging Markets ETF Company 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).