Aries Wealth Management Increases Stock Position in iShares MSCI Emerging Markets ETF $EEM

Aries Wealth Management grew its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 6.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 146,460 shares of the exchange traded fund’s stock after acquiring an additional 8,514 shares during the period. iShares MSCI Emerging Markets ETF comprises 1.9% of Aries Wealth Management’s investment portfolio, making the stock its 11th biggest holding. Aries Wealth Management’s holdings in iShares MSCI Emerging Markets ETF were worth $7,821,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Versant Capital Management Inc increased its holdings in iShares MSCI Emerging Markets ETF by 369.7% in the 3rd quarter. Versant Capital Management Inc now owns 465 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 366 shares during the last quarter. Richardson Capital Management LLC acquired a new position in iShares MSCI Emerging Markets ETF during the third quarter worth $33,000. Traub Capital Management LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF during the second quarter worth $34,000. Heartwood Wealth Advisors LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the third quarter valued at $37,000. Finally, LFA Lugano Financial Advisors SA acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the third quarter valued at $40,000. 81.39% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Trading Up 2.1%

EEM stock opened at $62.34 on Monday. The business’s fifty day moving average price is $57.73 and its 200 day moving average price is $54.70. iShares MSCI Emerging Markets ETF has a 12-month low of $38.19 and a 12-month high of $62.36. The company has a market capitalization of $28.42 billion, a PE ratio of 14.46 and a beta of 0.64.

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.