Lake Hills Wealth Management LLC Invests $6.21 Million in iShares MSCI Emerging Markets ETF $EEM

Lake Hills Wealth Management LLC acquired a new stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the 4th quarter, HoldingsChannel reports. The fund acquired 113,550 shares of the exchange traded fund’s stock, valued at approximately $6,212,000. iShares MSCI Emerging Markets ETF accounts for 3.2% of Lake Hills Wealth Management LLC’s investment portfolio, making the stock its 11th biggest holding.

Other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc increased its stake in iShares MSCI Emerging Markets ETF by 369.7% during the 3rd quarter. Versant Capital Management Inc now owns 465 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 366 shares during the period. BTG Pactual Asset Management US LLC boosted its position in iShares MSCI Emerging Markets ETF by 101.3% in the 3rd quarter. BTG Pactual Asset Management US LLC now owns 571 shares of the exchange traded fund’s stock valued at $30,000 after buying an additional 46,071 shares during the period. Richardson Capital Management LLC acquired a new position in shares of iShares MSCI Emerging Markets ETF in the third quarter worth $33,000. Traub Capital Management LLC acquired a new position in shares of iShares MSCI Emerging Markets ETF in the second quarter worth $34,000. Finally, Heartwood Wealth Advisors LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the third quarter worth $37,000. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Down 3.4%

iShares MSCI Emerging Markets ETF stock opened at $55.64 on Friday. The firm has a market capitalization of $25.36 billion, a P/E ratio of 14.46 and a beta of 0.64. iShares MSCI Emerging Markets ETF has a twelve month low of $38.19 and a twelve month high of $65.96. The stock’s fifty day simple moving average is $59.44 and its 200-day simple moving average is $55.92.

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.