Avantax Advisory Services Inc. Increases Stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Avantax Advisory Services Inc. lifted its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 2.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 261,958 shares of the exchange traded fund’s stock after buying an additional 6,129 shares during the quarter. Avantax Advisory Services Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $10,955,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of EEM. Pillar Financial Advisors LLC bought a new stake in iShares MSCI Emerging Markets ETF in the 4th quarter valued at $28,000. Compass Planning Associates Inc purchased a new position in shares of iShares MSCI Emerging Markets ETF during the fourth quarter valued at about $36,000. Teachers Insurance & Annuity Association of America bought a new stake in shares of iShares MSCI Emerging Markets ETF in the third quarter worth about $37,000. Creative Capital Management Investments LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the fourth quarter worth about $38,000. Finally, Atmos Advisory LLC bought a new position in iShares MSCI Emerging Markets ETF during the fourth quarter valued at approximately $40,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

NYSEARCA EEM opened at $43.96 on Thursday. iShares MSCI Emerging Markets ETF has a 1-year low of $39.39 and a 1-year high of $47.44. The business has a 50 day simple moving average of $43.10 and a two-hundred day simple moving average of $43.71. The stock has a market capitalization of $16.28 billion, a PE ratio of 14.53 and a beta of 0.70.

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).