Brown Miller Wealth Management LLC Purchases Shares of 9,794 iShares MSCI Emerging Markets ETF $EEM

Brown Miller Wealth Management LLC acquired a new position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 9,794 shares of the exchange traded fund’s stock, valued at approximately $556,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. MidAtlantic Capital Management Inc. bought a new stake in shares of iShares MSCI Emerging Markets ETF during the 4th quarter worth about $25,000. Hilton Head Capital Partners LLC acquired a new position in iShares MSCI Emerging Markets ETF in the 4th quarter valued at about $25,000. Merkkuri Wealth Advisors LLC bought a new position in iShares MSCI Emerging Markets ETF in the 1st quarter valued at about $27,000. BTG Pactual Asset Management US LLC raised its holdings in iShares MSCI Emerging Markets ETF by 101.3% in the 3rd quarter. BTG Pactual Asset Management US LLC now owns 571 shares of the exchange traded fund’s stock valued at $30,000 after acquiring an additional 46,071 shares during the period. Finally, Elevated Capital Advisors LLC bought a new position in iShares MSCI Emerging Markets ETF in the 4th quarter valued at about $31,000. 81.39% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Stock Up 0.4%

Shares of EEM stock opened at $67.43 on Tuesday. iShares MSCI Emerging Markets ETF has a 12-month low of $47.90 and a 12-month high of $71.57. The company has a market capitalization of $29.86 billion, a PE ratio of 14.46 and a beta of 0.73. The firm has a 50 day moving average price of $66.64 and a two-hundred day moving average price of $61.09.

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.