Diversify Wealth Management LLC Increases Stock Position in iShares MSCI Emerging Markets ETF $EEM

Diversify Wealth Management LLC grew its position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 9,367.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 363,092 shares of the exchange traded fund’s stock after buying an additional 359,257 shares during the quarter. Diversify Wealth Management LLC owned 0.08% of iShares MSCI Emerging Markets ETF worth $22,762,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. MidAtlantic Capital Management Inc. purchased a new position in iShares MSCI Emerging Markets ETF in the fourth quarter valued at approximately $25,000. Hilton Head Capital Partners LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the fourth quarter worth about $25,000. Merkkuri Wealth Advisors LLC bought a new position in iShares MSCI Emerging Markets ETF in the 1st quarter valued at $27,000. Jessup Wealth Management Inc bought a new stake in iShares MSCI Emerging Markets ETF during the fourth quarter valued at $31,000. Finally, Elevated Capital Advisors LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF during the fourth quarter worth about $31,000. 81.39% of the stock is currently owned by institutional investors.

iShares MSCI Emerging Markets ETF Trading Up 0.2%

Shares of iShares MSCI Emerging Markets ETF stock traded up $0.12 on Friday, hitting $66.90. 18,686,703 shares of the company traded hands, compared to its average volume of 37,151,805. The company has a market cap of $29.62 billion, a P/E ratio of 14.46 and a beta of 0.72. iShares MSCI Emerging Markets ETF has a 12-month low of $47.98 and a 12-month high of $71.57. The firm’s 50-day simple moving average is $67.27 and its 200 day simple moving average is $61.84.

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.