Axxcess Wealth Management LLC Has $20.95 Million Stock Position in iShares MSCI Emerging Markets ETF $EEM

Axxcess Wealth Management LLC grew its position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 121.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 368,941 shares of the exchange traded fund’s stock after acquiring an additional 202,544 shares during the period. Axxcess Wealth Management LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $20,952,000 at the end of the most recent reporting period.

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

iShares MSCI Emerging Markets ETF Price Performance

Shares of iShares MSCI Emerging Markets ETF stock opened at $65.72 on Wednesday. The firm has a market cap of $29.10 billion, a P/E ratio of 14.46 and a beta of 0.72. The firm has a 50 day simple moving average of $67.06 and a 200 day simple moving average of $61.62. iShares MSCI Emerging Markets ETF has a fifty-two week low of $47.98 and a fifty-two 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.