iShares MSCI Emerging Markets ETF $EEM Shares Purchased by Aries Wealth Management

Aries Wealth Management raised its position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 10.6% in the second quarter, HoldingsChannel reports. The firm owned 137,946 shares of the exchange traded fund’s stock after acquiring an additional 13,187 shares during the period. iShares MSCI Emerging Markets ETF makes up 1.7% of Aries Wealth Management’s investment portfolio, making the stock its 12th largest position. Aries Wealth Management’s holdings in iShares MSCI Emerging Markets ETF were worth $6,655,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tompkins Financial Corp bought a new stake in shares of iShares MSCI Emerging Markets ETF during the 2nd quarter worth about $26,000. Maseco LLP bought a new stake in shares of iShares MSCI Emerging Markets ETF during the 2nd quarter worth about $27,000. Golden State Wealth Management LLC raised its position in shares of iShares MSCI Emerging Markets ETF by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 704 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 352 shares in the last quarter. Hemington Wealth Management bought a new stake in shares of iShares MSCI Emerging Markets ETF during the 2nd quarter worth about $34,000. Finally, Dunhill Financial LLC raised its position in shares of iShares MSCI Emerging Markets ETF by 589.6% during the 1st quarter. Dunhill Financial LLC now owns 931 shares of the exchange traded fund’s stock worth $41,000 after buying an additional 796 shares in the last quarter. 81.39% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Trading Down 0.9%

EEM stock opened at $52.97 on Wednesday. iShares MSCI Emerging Markets ETF has a 52 week low of $38.19 and a 52 week high of $54.69. The company has a market capitalization of $20.14 billion, a price-to-earnings ratio of 14.46 and a beta of 0.74. The firm’s 50-day moving average is $51.61 and its two-hundred day moving average is $47.89.

About iShares MSCI Emerging Markets ETF

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).