Noble Wealth Management PBC Purchases New Position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Noble Wealth Management PBC purchased a new stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 11,352 shares of the exchange traded fund’s stock, valued at approximately $475,000.

Other hedge funds also recently bought and sold shares of the company. Compass Planning Associates Inc purchased a new position in iShares MSCI Emerging Markets ETF during the 4th quarter valued at about $36,000. Teachers Insurance & Annuity Association of America purchased a new position in iShares MSCI Emerging Markets ETF during the 3rd quarter valued at about $37,000. Creative Capital Management Investments LLC purchased a new position in iShares MSCI Emerging Markets ETF during the 4th quarter valued at about $38,000. Atmos Advisory LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF during the 4th quarter worth approximately $40,000. Finally, CarsonAllaria Wealth Management Ltd. grew its holdings in shares of iShares MSCI Emerging Markets ETF by 40.0% during the 4th quarter. CarsonAllaria Wealth Management Ltd. now owns 1,221 shares of the exchange traded fund’s stock worth $51,000 after acquiring an additional 349 shares during the period. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

EEM stock opened at $43.21 on Friday. iShares MSCI Emerging Markets ETF has a fifty-two week low of $39.39 and a fifty-two week high of $47.44. The business’s 50 day moving average price is $42.86 and its two-hundred day moving average price is $43.68. The company has a market capitalization of $16.00 billion, a price-to-earnings ratio of 14.53 and a beta of 0.70.

About iShares MSCI Emerging Markets ETF

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).