Independent Financial Group LLC Makes New $4.79 Million Investment in iShares MSCI Emerging Markets ETF $EEM

Independent Financial Group LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 84,322 shares of the exchange traded fund’s stock, valued at approximately $4,789,000.

Other hedge funds also recently modified their holdings of the company. MidAtlantic Capital Management Inc. acquired a new position in iShares MSCI Emerging Markets ETF in the 4th quarter worth about $25,000. Hilton Head Capital Partners LLC bought a new position in iShares MSCI Emerging Markets ETF in the fourth quarter valued at about $25,000. Merkkuri Wealth Advisors LLC bought a new position in iShares MSCI Emerging Markets ETF in the first quarter valued at about $27,000. Jessup Wealth Management Inc acquired a new stake in shares of iShares MSCI Emerging Markets ETF during the fourth quarter valued at about $31,000. Finally, Elevated Capital Advisors LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF during the fourth quarter valued at about $31,000. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Down 1.4%

NYSEARCA:EEM opened at $63.29 on Friday. The stock has a market cap of $28.02 billion, a P/E ratio of 14.46 and a beta of 0.72. The stock’s 50-day moving average is $67.11 and its 200-day moving average is $62.20. iShares MSCI Emerging Markets ETF has a 1-year low of $47.98 and a 1-year high of $71.57.

iShares MSCI Emerging Markets ETF Company 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). The Index is designed to measure equity market performance in the global emerging markets. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.