Florida Financial Advisors LLC Takes $522,000 Position in iShares MSCI Emerging Markets ETF $EEM

Florida Financial Advisors LLC purchased a new stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,545 shares of the exchange traded fund’s stock, valued at approximately $522,000.

Other hedge funds have also made changes to their positions in the company. MidAtlantic Capital Management Inc. purchased a new position in shares of iShares MSCI Emerging Markets ETF in the fourth quarter valued at $25,000. BTG Pactual Asset Management US LLC increased its position in shares of iShares MSCI Emerging Markets ETF by 101.3% in the third quarter. BTG Pactual Asset Management US LLC now owns 571 shares of the exchange traded fund’s stock valued at $30,000 after buying an additional 46,071 shares in the last quarter. Elevated Capital Advisors LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF in the fourth quarter valued at $31,000. Woodside Wealth Management LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF in the fourth quarter valued at $33,000. Finally, Accredited Wealth Management LLC increased its position in shares of iShares MSCI Emerging Markets ETF by 42.7% in the third quarter. Accredited Wealth Management LLC now owns 688 shares of the exchange traded fund’s stock valued at $37,000 after buying an additional 206 shares in the last quarter. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Up 2.2%

Shares of EEM stock opened at $70.08 on Tuesday. iShares MSCI Emerging Markets ETF has a fifty-two week low of $45.52 and a fifty-two week high of $70.51. The stock has a market cap of $31.03 billion, a P/E ratio of 14.46 and a beta of 0.71. The business has a fifty day simple moving average of $62.65 and a 200-day simple moving average of $59.14.

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.