Congress Wealth Management LLC DE Increases Position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Congress Wealth Management LLC DE lifted its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 59.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 198,532 shares of the exchange traded fund’s stock after purchasing an additional 74,090 shares during the period. Congress Wealth Management LLC DE owned 0.05% of iShares MSCI Emerging Markets ETF worth $8,303,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. LPL Financial LLC increased its position in iShares MSCI Emerging Markets ETF by 14.8% during the fourth quarter. LPL Financial LLC now owns 2,431,417 shares of the exchange traded fund’s stock worth $101,682,000 after purchasing an additional 312,551 shares during the last quarter. SPX Gestao de Recursos Ltda purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the 3rd quarter valued at approximately $105,980,000. Cassaday & Co Wealth Management LLC increased its holdings in shares of iShares MSCI Emerging Markets ETF by 1.5% during the 4th quarter. Cassaday & Co Wealth Management LLC now owns 1,936,480 shares of the exchange traded fund’s stock worth $80,984,000 after buying an additional 27,779 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the 4th quarter valued at approximately $67,244,000. Finally, Total Investment Management Inc. lifted its holdings in iShares MSCI Emerging Markets ETF by 3.7% in the fourth quarter. Total Investment Management Inc. now owns 1,541,272 shares of the exchange traded fund’s stock valued at $64,456,000 after acquiring an additional 54,732 shares during the last quarter. 81.39% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Stock Down 0.3 %

EEM stock opened at $44.65 on Wednesday. iShares MSCI Emerging Markets ETF has a 52-week low of $39.39 and a 52-week high of $47.44. The stock has a market cap of $16.92 billion, a price-to-earnings ratio of 14.88 and a beta of 0.72. The business has a fifty day moving average of $43.66 and a two-hundred day moving average of $43.83.

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).