Endowment Wealth Management Inc. Buys 4,424 Shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Endowment Wealth Management Inc. raised its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 22.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,400 shares of the exchange traded fund’s stock after purchasing an additional 4,424 shares during the quarter. Endowment Wealth Management Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $1,020,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. DRW Securities LLC grew its position in shares of iShares MSCI Emerging Markets ETF by 603.8% during the 3rd quarter. DRW Securities LLC now owns 2,732,449 shares of the exchange traded fund’s stock valued at $125,310,000 after acquiring an additional 2,344,192 shares during the period. SPX Gestao de Recursos Ltda bought a new stake in iShares MSCI Emerging Markets ETF during the 3rd quarter valued at $105,980,000. LPL Financial LLC boosted its holdings in shares of iShares MSCI Emerging Markets ETF by 6.2% during the third quarter. LPL Financial LLC now owns 2,118,866 shares of the exchange traded fund’s stock worth $97,171,000 after purchasing an additional 123,741 shares during the period. Cassaday & Co Wealth Management LLC raised its holdings in shares of iShares MSCI Emerging Markets ETF by 1.5% during the fourth quarter. Cassaday & Co Wealth Management LLC now owns 1,936,480 shares of the exchange traded fund’s stock valued at $80,984,000 after acquiring an additional 27,779 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the 4th quarter worth approximately $67,244,000. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

Shares of NYSEARCA:EEM opened at $43.36 on Tuesday. The business has a fifty day moving average price of $43.02 and a 200-day moving average price of $43.71. The company has a market capitalization of $16.06 billion, a PE ratio of 14.53 and a beta of 0.70. iShares MSCI Emerging Markets ETF has a 1-year low of $39.39 and a 1-year 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).