Ibex Wealth Advisors Purchases New Stake in iShares MSCI Emerging Markets ETF $EEM

Ibex Wealth Advisors acquired a new position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the first quarter, Holdings Channel.com reports. The institutional investor acquired 7,553 shares of the exchange traded fund’s stock, valued at approximately $429,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Kestra Advisory Services LLC increased its stake in shares of iShares MSCI Emerging Markets ETF by 23.7% during the 1st quarter. Kestra Advisory Services LLC now owns 287,480 shares of the exchange traded fund’s stock worth $16,326,000 after purchasing an additional 54,987 shares during the last quarter. Money Concepts Capital Corp lifted its stake in iShares MSCI Emerging Markets ETF by 159.2% in the first quarter. Money Concepts Capital Corp now owns 10,559 shares of the exchange traded fund’s stock valued at $600,000 after purchasing an additional 6,485 shares during the last quarter. First Interstate Bank lifted its stake in iShares MSCI Emerging Markets ETF by 41.0% in the first quarter. First Interstate Bank now owns 58,618 shares of the exchange traded fund’s stock valued at $3,329,000 after purchasing an additional 17,051 shares during the last quarter. Quantum Portfolio Management LLC grew its holdings in iShares MSCI Emerging Markets ETF by 36.9% during the first quarter. Quantum Portfolio Management LLC now owns 101,337 shares of the exchange traded fund’s stock valued at $5,755,000 after purchasing an additional 27,298 shares during the period. Finally, Penobscot Investment Management Company Inc. increased its position in iShares MSCI Emerging Markets ETF by 52.6% in the first quarter. Penobscot Investment Management Company Inc. now owns 74,026 shares of the exchange traded fund’s stock worth $4,204,000 after buying an additional 25,509 shares during the last quarter. Institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

NYSEARCA:EEM opened at $66.90 on Friday. The company has a market capitalization of $29.62 billion, a P/E ratio of 14.46 and a beta of 0.72. The business has a fifty day simple moving average of $67.27 and a two-hundred day simple moving average of $61.84. iShares MSCI Emerging Markets ETF has a 1 year low of $47.98 and a 1 year high of $71.57.

About iShares MSCI Emerging Markets ETF

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.