Ellis Investment Partners LLC Acquires Shares of 4,562 iShares MSCI Emerging Markets ETF $EEM

Ellis Investment Partners LLC acquired a new stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,562 shares of the exchange traded fund’s stock, valued at approximately $220,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EEM. Goldman Sachs Group Inc. boosted its stake in iShares MSCI Emerging Markets ETF by 1,097.3% in the first quarter. Goldman Sachs Group Inc. now owns 29,828,908 shares of the exchange traded fund’s stock valued at $1,303,523,000 after acquiring an additional 32,819,730 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in iShares MSCI Emerging Markets ETF by 45.2% in the first quarter. JPMorgan Chase & Co. now owns 10,786,595 shares of the exchange traded fund’s stock worth $471,374,000 after purchasing an additional 3,359,853 shares during the period. USA Financial Formulas acquired a new stake in iShares MSCI Emerging Markets ETF in the second quarter worth $67,857,000. Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in iShares MSCI Emerging Markets ETF by 1,731.4% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 1,485,008 shares of the exchange traded fund’s stock worth $64,541,000 after purchasing an additional 1,403,923 shares during the period. Finally, Flow Traders U.S. LLC acquired a new stake in iShares MSCI Emerging Markets ETF in the first quarter worth $48,800,000. 81.39% of the stock is owned by institutional investors.

iShares MSCI Emerging Markets ETF Stock Performance

EEM opened at $53.45 on Tuesday. The firm’s fifty day moving average is $51.53 and its two-hundred day moving average is $47.85. The firm has a market cap of $20.32 billion, a PE ratio of 14.46 and a beta of 0.74. iShares MSCI Emerging Markets ETF has a twelve month low of $38.19 and a twelve month high of $54.69.

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).