Contravisory Investment Management Inc. Has $1.42 Million Stock Position in iShares MSCI Emerging Markets ETF $EEM

Contravisory Investment Management Inc. lifted its position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 56.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,922 shares of the exchange traded fund’s stock after acquiring an additional 8,953 shares during the period. Contravisory Investment Management Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $1,415,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in EEM. MidAtlantic Capital Management Inc. acquired a new stake in iShares MSCI Emerging Markets ETF during the 4th quarter valued at $25,000. Hilton Head Capital Partners LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the fourth quarter worth $25,000. BTG Pactual Asset Management US LLC grew its holdings in shares of iShares MSCI Emerging Markets ETF by 101.3% during the third 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. Elevated Capital Advisors LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF during the fourth quarter valued at $31,000. Finally, Jessup Wealth Management Inc acquired a new position in iShares MSCI Emerging Markets ETF during the fourth quarter valued at $31,000. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

Shares of EEM opened at $67.96 on Friday. The business’s 50-day moving average is $66.44 and its 200-day moving average is $60.91. iShares MSCI Emerging Markets ETF has a fifty-two week low of $47.90 and a fifty-two week high of $71.57. The company has a market capitalization of $30.09 billion, a price-to-earnings ratio of 14.46 and a beta of 0.73.

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.