Parsons Capital Management Inc. RI Buys 9,651 Shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Parsons Capital Management Inc. RI boosted its position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 64.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,518 shares of the exchange traded fund’s stock after purchasing an additional 9,651 shares during the period. Parsons Capital Management Inc. RI’s holdings in iShares MSCI Emerging Markets ETF were worth $1,025,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of EEM. Teachers Insurance & Annuity Association of America bought a new stake in shares of iShares MSCI Emerging Markets ETF in the third quarter valued at $37,000. Covenant Partners LLC raised 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 period. Atmos Advisory LLC purchased a new stake in iShares MSCI Emerging Markets ETF during the fourth quarter valued at about $40,000. Bristlecone Advisors LLC bought a new position in iShares MSCI Emerging Markets ETF during the third quarter worth about $65,000. Finally, West Financial Advisors LLC bought a new position in iShares MSCI Emerging Markets ETF during the third quarter worth about $65,000. 81.39% of the stock is owned by institutional investors.

iShares MSCI Emerging Markets ETF Price Performance

NYSEARCA EEM opened at $42.17 on Tuesday. The company’s 50 day moving average is $42.74 and its 200-day moving average is $43.49. iShares MSCI Emerging Markets ETF has a 12-month low of $38.26 and a 12-month high of $47.44.

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).