Greenup Street Wealth Management LLC Acquires Shares of 6,619 iShares MSCI Emerging Markets ETF $EEM

Greenup Street Wealth Management LLC acquired a new stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the second quarter, Holdings Channel reports. The institutional investor acquired 6,619 shares of the exchange traded fund’s stock, valued at approximately $319,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Goldman Sachs Group Inc. boosted its position in iShares MSCI Emerging Markets ETF by 1,097.3% during the first quarter. Goldman Sachs Group Inc. now owns 29,828,908 shares of the exchange traded fund’s stock worth $1,303,523,000 after acquiring an additional 32,819,730 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of iShares MSCI Emerging Markets ETF by 45.2% in the 1st quarter. JPMorgan Chase & Co. now owns 10,786,595 shares of the exchange traded fund’s stock worth $471,374,000 after acquiring an additional 3,359,853 shares during the last quarter. TD Asset Management Inc lifted its holdings in shares of iShares MSCI Emerging Markets ETF by 13.0% in the 1st quarter. TD Asset Management Inc now owns 4,999,304 shares of the exchange traded fund’s stock worth $218,470,000 after acquiring an additional 575,932 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in iShares MSCI Emerging Markets ETF by 1.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,290,688 shares of the exchange traded fund’s stock worth $100,103,000 after buying an additional 28,793 shares during the period. Finally, Hirtle Callaghan & Co LLC increased its stake in iShares MSCI Emerging Markets ETF by 5.6% during the 1st quarter. Hirtle Callaghan & Co LLC now owns 1,881,523 shares of the exchange traded fund’s stock worth $82,223,000 after buying an additional 100,615 shares during the period. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Up 1.4%

Shares of NYSEARCA:EEM opened at $54.92 on Tuesday. iShares MSCI Emerging Markets ETF has a 52 week low of $38.19 and a 52 week high of $55.03. The company’s 50 day moving average is $52.01 and its two-hundred day moving average is $48.24. The company has a market cap of $20.88 billion, a PE ratio of 14.46 and a beta of 0.74.

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).