BlackDiamond Wealth Management LLC Boosts Stock Position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

BlackDiamond Wealth Management LLC lifted its position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 6.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,311 shares of the exchange traded fund’s stock after buying an additional 310 shares during the quarter. BlackDiamond Wealth Management LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $222,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Arrien Investments Inc. purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the 4th quarter valued at $870,000. TCTC Holdings LLC increased its holdings in iShares MSCI Emerging Markets ETF by 1.7% during the 4th quarter. TCTC Holdings LLC now owns 159,905 shares of the exchange traded fund’s stock worth $6,687,000 after purchasing an additional 2,638 shares during the period. Parallel Advisors LLC increased its holdings in iShares MSCI Emerging Markets ETF by 2.8% during the 4th quarter. Parallel Advisors LLC now owns 130,969 shares of the exchange traded fund’s stock worth $5,477,000 after purchasing an additional 3,559 shares during the period. Gallacher Capital Management LLC increased its holdings in iShares MSCI Emerging Markets ETF by 53.2% during the 4th quarter. Gallacher Capital Management LLC now owns 7,994 shares of the exchange traded fund’s stock worth $334,000 after purchasing an additional 2,775 shares during the period. Finally, Harbour Investments Inc. increased its holdings in iShares MSCI Emerging Markets ETF by 6.4% during the 4th quarter. Harbour Investments Inc. now owns 51,861 shares of the exchange traded fund’s stock worth $2,169,000 after purchasing an additional 3,129 shares during the period. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

Shares of NYSEARCA EEM opened at $45.34 on Tuesday. The stock’s 50-day moving average is $43.25 and its two-hundred day moving average is $43.74. iShares MSCI Emerging Markets ETF has a 1-year low of $39.39 and a 1-year high of $47.44. The company has a market cap of $17.18 billion, a price-to-earnings ratio of 14.88 and a beta of 0.72.

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).