LPL Financial LLC Acquires 312,551 Shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

LPL Financial LLC raised its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 14.8% in the fourth quarter, HoldingsChannel reports. The firm owned 2,431,417 shares of the exchange traded fund’s stock after buying an additional 312,551 shares during the quarter. LPL Financial LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $101,682,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of EEM. Del Sette Capital Management LLC raised its holdings in shares of iShares MSCI Emerging Markets ETF by 0.8% during the fourth quarter. Del Sette Capital Management LLC now owns 131,400 shares of the exchange traded fund’s stock valued at $5,495,000 after acquiring an additional 1,023 shares in the last quarter. Simplex Trading LLC raised its holdings in iShares MSCI Emerging Markets ETF by 387.1% in the 4th quarter. Simplex Trading LLC now owns 165,847 shares of the exchange traded fund’s stock worth $6,935,000 after purchasing an additional 131,802 shares in the last quarter. Runnymede Capital Advisors Inc. bought a new position in iShares MSCI Emerging Markets ETF in the 4th quarter worth $51,000. Washington Trust Bank lifted its position in shares of iShares MSCI Emerging Markets ETF by 74.3% in the 4th quarter. Washington Trust Bank now owns 67,951 shares of the exchange traded fund’s stock worth $2,842,000 after purchasing an additional 28,974 shares during the period. Finally, Next Capital Management LLC boosted its stake in shares of iShares MSCI Emerging Markets ETF by 25.7% during the 4th quarter. Next Capital Management LLC now owns 38,484 shares of the exchange traded fund’s stock valued at $1,609,000 after purchasing an additional 7,860 shares in the last quarter. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

EEM stock opened at $44.65 on Wednesday. iShares MSCI Emerging Markets ETF has a 1 year low of $39.39 and a 1 year high of $47.44. The firm has a 50-day moving average of $43.66 and a 200 day moving average of $43.83. The company has a market cap of $16.92 billion, a P/E ratio of 14.88 and a beta of 0.72.

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).