AK Global Asset Management LLC Buys New Stake in iShares MSCI Emerging Markets ETF $EEM

AK Global Asset Management LLC purchased a new position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the 1st quarter, Holdings Channel.com reports. The firm purchased 23,800 shares of the exchange traded fund’s stock, valued at approximately $1,352,000. iShares MSCI Emerging Markets ETF accounts for approximately 1.3% of AK Global Asset Management LLC’s holdings, making the stock its 16th biggest position.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Founders Financial Securities LLC grew its stake in shares of iShares MSCI Emerging Markets ETF by 0.3% in the 1st quarter. Founders Financial Securities LLC now owns 52,222 shares of the exchange traded fund’s stock valued at $3,148,000 after purchasing an additional 163 shares during the period. Hazlett Burt & Watson Inc. lifted its position in shares of iShares MSCI Emerging Markets ETF by 5.3% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 3,388 shares of the exchange traded fund’s stock worth $184,000 after buying an additional 169 shares during the period. Cim LLC boosted its stake in iShares MSCI Emerging Markets ETF by 3.0% in the 4th quarter. Cim LLC now owns 6,326 shares of the exchange traded fund’s stock valued at $346,000 after buying an additional 182 shares in the last quarter. Nicolet Advisory Services LLC boosted its stake in iShares MSCI Emerging Markets ETF by 2.9% in the 4th quarter. Nicolet Advisory Services LLC now owns 6,516 shares of the exchange traded fund’s stock valued at $378,000 after buying an additional 184 shares in the last quarter. Finally, Vivaldi Capital Management LP grew its position in iShares MSCI Emerging Markets ETF by 1.7% in the fourth quarter. Vivaldi Capital Management LP now owns 11,128 shares of the exchange traded fund’s stock valued at $609,000 after acquiring an additional 186 shares during the period. 81.39% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Price Performance

iShares MSCI Emerging Markets ETF stock opened at $65.72 on Wednesday. The firm has a market capitalization of $29.10 billion, a P/E ratio of 14.46 and a beta of 0.72. The stock has a fifty day moving average price of $67.06 and a two-hundred day moving average price of $61.62. iShares MSCI Emerging Markets ETF has a 52-week low of $47.98 and a 52-week high of $71.57.

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.