Udine Wealth Management Inc. Purchases New Shares in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Udine Wealth Management Inc. purchased a new stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 41,444 shares of the exchange traded fund’s stock, valued at approximately $1,703,000. iShares MSCI Emerging Markets ETF accounts for approximately 1.2% of Udine Wealth Management Inc.’s portfolio, making the stock its 23rd biggest holding.

A number of other institutional investors have also recently added to or reduced their stakes in EEM. TD Asset Management Inc boosted its stake in iShares MSCI Emerging Markets ETF by 657.0% during the 4th quarter. TD Asset Management Inc now owns 4,376,975 shares of the exchange traded fund’s stock worth $175,998,000 after purchasing an additional 3,798,757 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in iShares MSCI Emerging Markets ETF by 21.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 3,597,437 shares of the exchange traded fund’s stock worth $144,653,000 after purchasing an additional 632,842 shares during the last quarter. SG Americas Securities LLC boosted its stake in iShares MSCI Emerging Markets ETF by 70.2% during the 4th quarter. SG Americas Securities LLC now owns 3,317,237 shares of the exchange traded fund’s stock worth $133,386,000 after purchasing an additional 1,368,272 shares during the last quarter. DRW Securities LLC acquired a new stake in iShares MSCI Emerging Markets ETF during the 4th quarter worth $64,675,000. Finally, Factory Mutual Insurance Co. boosted its stake in iShares MSCI Emerging Markets ETF by 67.5% during the 4th quarter. Factory Mutual Insurance Co. now owns 1,546,400 shares of the exchange traded fund’s stock worth $62,181,000 after purchasing an additional 623,000 shares during the last quarter. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Up 0.4 %

EEM traded up $0.15 on Monday, hitting $42.74. 8,182,881 shares of the company’s stock were exchanged, compared to its average volume of 28,372,822. iShares MSCI Emerging Markets ETF has a fifty-two week low of $36.38 and a fifty-two week high of $43.87. The firm has a 50-day moving average price of $42.33 and a 200-day moving average price of $40.80.

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).