Summit Securities Group LLC Buys Shares of 11,600 iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Summit Securities Group LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 11,600 shares of the exchange traded fund’s stock, valued at approximately $485,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. GM Advisory Group LLC boosted its stake in iShares MSCI Emerging Markets ETF by 1.7% in the 4th quarter. GM Advisory Group LLC now owns 26,471 shares of the exchange traded fund’s stock worth $1,107,000 after purchasing an additional 448 shares during the period. QRG Capital Management Inc. acquired a new position in shares of iShares MSCI Emerging Markets ETF during the 4th quarter worth approximately $205,000. Jones Financial Companies Lllp raised its position in shares of iShares MSCI Emerging Markets ETF by 70.3% in the fourth quarter. Jones Financial Companies Lllp now owns 12,265 shares of the exchange traded fund’s stock valued at $513,000 after purchasing an additional 5,063 shares during the period. Carret Asset Management LLC raised its holdings in iShares MSCI Emerging Markets ETF by 4.2% in the 4th quarter. Carret Asset Management LLC now owns 21,068 shares of the exchange traded fund’s stock valued at $881,000 after acquiring an additional 857 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in iShares MSCI Emerging Markets ETF by 25.0% in the 4th quarter. Victory Capital Management Inc. now owns 472,612 shares of the exchange traded fund’s stock valued at $19,765,000 after purchasing an additional 94,633 shares during the period. 81.39% of the stock is currently owned by institutional investors.

iShares MSCI Emerging Markets ETF Stock Performance

NYSEARCA:EEM opened at $43.77 on Friday. iShares MSCI Emerging Markets ETF has a 52 week low of $39.39 and a 52 week high of $47.44. The firm’s 50-day simple moving average is $43.80 and its 200 day simple moving average is $43.86. The firm has a market cap of $16.58 billion, a price-to-earnings ratio of 14.88 and a beta of 0.72.

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).