Commonwealth Financial Services LLC Acquires New Position in iShares MSCI Emerging Markets ETF $EEM

Commonwealth Financial Services LLC acquired a new stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 60,716 shares of the exchange traded fund’s stock, valued at approximately $3,448,000.

Several other large investors also recently added to or reduced their stakes in the stock. Board of Trustees of The Leland Stanford Junior University raised its stake in shares of iShares MSCI Emerging Markets ETF by 102.7% during the first quarter. Board of Trustees of The Leland Stanford Junior University now owns 9,035,926 shares of the exchange traded fund’s stock valued at $513,150,000 after acquiring an additional 4,577,226 shares in the last quarter. Hsbc Holdings PLC grew its stake in iShares MSCI Emerging Markets ETF by 74.9% in the fourth quarter. Hsbc Holdings PLC now owns 6,591,631 shares of the exchange traded fund’s stock worth $360,596,000 after purchasing an additional 2,823,265 shares in the last quarter. LPL Financial LLC grew its stake in iShares MSCI Emerging Markets ETF by 6.1% in the fourth quarter. LPL Financial LLC now owns 3,401,849 shares of the exchange traded fund’s stock worth $186,115,000 after purchasing an additional 196,473 shares in the last quarter. Mariner LLC increased its holdings in iShares MSCI Emerging Markets ETF by 23.8% during the 3rd quarter. Mariner LLC now owns 2,324,614 shares of the exchange traded fund’s stock worth $124,134,000 after purchasing an additional 447,010 shares during the period. Finally, Raymond James Financial Inc. increased its holdings in iShares MSCI Emerging Markets ETF by 18.3% during the 2nd quarter. Raymond James Financial Inc. now owns 2,031,899 shares of the exchange traded fund’s stock worth $98,019,000 after purchasing an additional 313,978 shares during the period. 81.39% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Price Performance

Shares of NYSEARCA EEM opened at $63.29 on Monday. The business has a fifty day simple moving average of $67.11 and a two-hundred day simple moving average of $62.25. The firm has a market cap of $28.02 billion, a PE ratio of 14.46 and a beta of 0.72. iShares MSCI Emerging Markets ETF has a twelve month low of $47.98 and a twelve month 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.