Commonwealth Financial Services LLC Buys Shares of 60,716 iShares MSCI Emerging Markets ETF $EEM

Commonwealth Financial Services LLC purchased a new stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 60,716 shares of the exchange traded fund’s stock, valued at approximately $3,448,000.

Several other hedge funds have also recently modified their holdings of the business. Board of Trustees of The Leland Stanford Junior University raised its stake in iShares MSCI Emerging Markets ETF by 102.7% in the first quarter. Board of Trustees of The Leland Stanford Junior University now owns 9,035,926 shares of the exchange traded fund’s stock worth $513,150,000 after buying an additional 4,577,226 shares in the last quarter. NWK Group Inc. purchased a new stake in iShares MSCI Emerging Markets ETF during the first quarter worth $60,000. Balefire LLC boosted its position in iShares MSCI Emerging Markets ETF by 6.8% during the 1st quarter. Balefire LLC now owns 65,066 shares of the exchange traded fund’s stock valued at $3,695,000 after acquiring an additional 4,119 shares in the last quarter. Parallel Advisors LLC boosted its position in iShares MSCI Emerging Markets ETF by 0.6% during the 1st quarter. Parallel Advisors LLC now owns 129,514 shares of the exchange traded fund’s stock valued at $7,355,000 after acquiring an additional 744 shares in the last quarter. Finally, Koss Olinger Consulting LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF in the 1st quarter valued at $3,430,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of NYSEARCA:EEM opened at $63.29 on Monday. The company has a market capitalization of $28.02 billion, a PE ratio of 14.46 and a beta of 0.72. iShares MSCI Emerging Markets ETF has a 12-month low of $47.98 and a 12-month high of $71.57. The business’s fifty day simple moving average is $67.11 and its 200-day simple moving average is $62.25.

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.