Alexis Investment Partners LLC Raises Stock Position in iShares MSCI Emerging Markets ETF $EEM

Alexis Investment Partners LLC boosted its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 40.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 105,027 shares of the exchange traded fund’s stock after purchasing an additional 30,203 shares during the period. iShares MSCI Emerging Markets ETF makes up approximately 4.0% of Alexis Investment Partners LLC’s holdings, making the stock its 14th largest position. Alexis Investment Partners LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $5,750,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in EEM. MidAtlantic Capital Management Inc. bought a new position in shares of iShares MSCI Emerging Markets ETF during the 4th quarter valued at $25,000. Hilton Head Capital Partners LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF in the fourth quarter worth $25,000. Merkkuri Wealth Advisors LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF in the first quarter worth $27,000. BTG Pactual Asset Management US LLC increased its position in 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 acquiring an additional 46,071 shares during the last quarter. Finally, Elevated Capital Advisors LLC purchased a new stake in iShares MSCI Emerging Markets ETF during the fourth quarter valued at $31,000. 81.39% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Stock Performance

EEM stock opened at $68.41 on Wednesday. iShares MSCI Emerging Markets ETF has a fifty-two week low of $47.96 and a fifty-two week high of $71.57. The business’s 50-day moving average is $66.73 and its two-hundred day moving average is $61.18. The company has a market cap of $30.29 billion, a price-to-earnings ratio of 14.46 and a beta of 0.73.

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.