D.A. Davidson & CO. Buys 55,891 Shares of iShares MSCI Emerging Markets ETF $EEM

D.A. Davidson & CO. increased its position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 96.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 113,542 shares of the exchange traded fund’s stock after acquiring an additional 55,891 shares during the quarter. D.A. Davidson & CO.’s holdings in iShares MSCI Emerging Markets ETF were worth $6,448,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EEM. MidAtlantic Capital Management Inc. purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the fourth quarter worth about $25,000. Hilton Head Capital Partners LLC bought a new position in iShares MSCI Emerging Markets ETF in the 4th quarter worth approximately $25,000. Merkkuri Wealth Advisors LLC bought a new position in iShares MSCI Emerging Markets ETF in the 1st quarter worth approximately $27,000. BTG Pactual Asset Management US LLC grew its holdings 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 valued at $30,000 after buying an additional 46,071 shares in the last quarter. Finally, Elevated Capital Advisors LLC purchased a new stake in iShares MSCI Emerging Markets ETF during the 4th quarter valued at approximately $31,000. Institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of NYSEARCA:EEM opened at $63.29 on Friday. The firm has a market cap of $28.02 billion, a price-to-earnings ratio of 14.46 and a beta of 0.72. The firm has a fifty day moving average price of $67.11 and a 200 day moving average price of $62.20. 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 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.