Braun Bostich & Associates Inc. Purchases Shares of 9,189 iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Braun Bostich & Associates Inc. acquired a new position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the 1st quarter, HoldingsChannel reports. The institutional investor acquired 9,189 shares of the exchange traded fund’s stock, valued at approximately $402,000.

Other large investors have also modified their holdings of the company. Ironwood Wealth Management LLC. lifted its stake in iShares MSCI Emerging Markets ETF by 6.4% during the fourth quarter. Ironwood Wealth Management LLC. now owns 8,325 shares of the exchange traded fund’s stock valued at $348,000 after buying an additional 502 shares in the last quarter. Brighton Jones LLC boosted its stake in iShares MSCI Emerging Markets ETF by 1.7% in the 4th quarter. Brighton Jones LLC now owns 118,587 shares of the exchange traded fund’s stock worth $4,959,000 after purchasing an additional 1,940 shares during the period. Bleakley Financial Group LLC purchased a new position in iShares MSCI Emerging Markets ETF during the 4th quarter worth approximately $204,000. Sumitomo Mitsui Trust Group Inc. raised its stake in iShares MSCI Emerging Markets ETF by 5.6% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 174,490 shares of the exchange traded fund’s stock valued at $7,297,000 after purchasing an additional 9,263 shares during the period. Finally, Kestra Private Wealth Services LLC raised its stake in iShares MSCI Emerging Markets ETF by 8.3% during the 4th quarter. Kestra Private Wealth Services LLC now owns 28,203 shares of the exchange traded fund’s stock valued at $1,179,000 after purchasing an additional 2,170 shares during the period. 81.39% of the stock is owned by institutional investors.

iShares MSCI Emerging Markets ETF Stock Up 0.4%

EEM opened at $47.79 on Thursday. The firm has a market capitalization of $18.00 billion, a P/E ratio of 13.99 and a beta of 0.62. The stock has a fifty day moving average of $44.31 and a 200-day moving average of $43.64. iShares MSCI Emerging Markets ETF has a 12-month low of $38.19 and a 12-month high of $47.97.

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).