Granite Bay Wealth Management LLC Makes New $13.84 Million Investment in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Granite Bay Wealth Management LLC bought a new stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 330,921 shares of the exchange traded fund’s stock, valued at approximately $13,839,000. iShares MSCI Emerging Markets ETF comprises 5.1% of Granite Bay Wealth Management LLC’s holdings, making the stock its 5th biggest position.

Several other institutional investors also recently made changes to their positions in EEM. Fairscale Capital LLC purchased a new stake in iShares MSCI Emerging Markets ETF during the second quarter worth $26,000. Teachers Insurance & Annuity Association of America purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the 3rd quarter worth about $37,000. Covenant Partners LLC grew its stake in iShares MSCI Emerging Markets ETF by 3,291.7% in the 3rd quarter. Covenant Partners LLC now owns 814 shares of the exchange traded fund’s stock valued at $37,000 after acquiring an additional 790 shares during the last quarter. Atmos Advisory LLC purchased a new position in iShares MSCI Emerging Markets ETF during the 4th quarter valued at about $40,000. Finally, Bristlecone Advisors LLC acquired a new position in iShares MSCI Emerging Markets ETF during the third quarter worth about $65,000. 81.39% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Trading Down 0.7 %

EEM stock opened at $40.81 on Tuesday. The company’s 50 day simple moving average is $43.09 and its 200-day simple moving average is $43.57. iShares MSCI Emerging Markets ETF has a 12 month low of $37.48 and a 12 month high of $47.44.

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).