Contravisory Investment Management Inc. Has $1.42 Million Stake in iShares MSCI Emerging Markets ETF $EEM

Contravisory Investment Management Inc. raised its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 56.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,922 shares of the exchange traded fund’s stock after purchasing an additional 8,953 shares during the period. Contravisory Investment Management Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $1,415,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. MidAtlantic Capital Management Inc. acquired a new position in shares of iShares MSCI Emerging Markets ETF in the 4th quarter worth approximately $25,000. Hilton Head Capital Partners LLC bought a new stake in iShares MSCI Emerging Markets ETF during the 4th quarter worth approximately $25,000. BTG Pactual Asset Management US LLC boosted its holdings in iShares MSCI Emerging Markets ETF by 101.3% during the third quarter. BTG Pactual Asset Management US LLC now owns 571 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 46,071 shares during the last quarter. Elevated Capital Advisors LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF in the 4th quarter valued at about $31,000. Finally, Jessup Wealth Management Inc bought a new position in iShares MSCI Emerging Markets ETF in the 4th quarter valued at about $31,000. 81.39% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Stock Up 1.1%

NYSEARCA EEM opened at $67.96 on Friday. iShares MSCI Emerging Markets ETF has a 12-month low of $47.90 and a 12-month high of $71.57. The company has a market capitalization of $30.09 billion, a P/E ratio of 14.46 and a beta of 0.73. The firm has a 50-day moving average price of $66.44 and a two-hundred day moving average price of $60.91.

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.