Elevation Point Wealth Partners LLC Has $6.51 Million Stake in iShares MSCI Emerging Markets ETF $EEM

Elevation Point Wealth Partners LLC lifted its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 31.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 114,722 shares of the exchange traded fund’s stock after buying an additional 27,743 shares during the period. Elevation Point Wealth Partners LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $6,515,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in EEM. Sound Income Strategies LLC boosted its holdings in shares of iShares MSCI Emerging Markets ETF by 80.3% during the 1st quarter. Sound Income Strategies LLC now owns 4,292 shares of the exchange traded fund’s stock worth $246,000 after buying an additional 1,911 shares during the period. Patten Group Inc. increased its position in shares of iShares MSCI Emerging Markets ETF by 6.6% in the first quarter. Patten Group Inc. now owns 4,408 shares of the exchange traded fund’s stock worth $250,000 after purchasing an additional 272 shares during the period. Clarity Wealth Advisors LLC raised its position in shares of iShares MSCI Emerging Markets ETF by 9.8% in the 1st quarter. Clarity Wealth Advisors LLC now owns 209,326 shares of the exchange traded fund’s stock valued at $11,888,000 after buying an additional 18,637 shares in the last quarter. Kropog Financial Group LLC acquired a new position in iShares MSCI Emerging Markets ETF during the first quarter valued at approximately $2,166,000. Finally, Essex Financial Services Inc. raised its holdings in shares of iShares MSCI Emerging Markets ETF by 19.2% during the 1st quarter. Essex Financial Services Inc. now owns 9,069 shares of the exchange traded fund’s stock worth $515,000 after buying an additional 1,458 shares in the last quarter. 81.39% of the stock is owned by institutional investors.

iShares MSCI Emerging Markets ETF Price Performance

EEM stock opened at $65.70 on Friday. The stock has a market cap of $29.09 billion, a price-to-earnings ratio of 14.46 and a beta of 0.72. The company has a 50 day simple moving average of $66.92 and a 200 day simple moving average of $61.38. iShares MSCI Emerging Markets ETF has a 1 year low of $47.96 and a 1 year high of $71.57.

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). 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.