Balanced Wealth Group LLC Boosts Stock Holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Balanced Wealth Group LLC increased its position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 2.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 46,567 shares of the exchange traded fund’s stock after purchasing an additional 1,009 shares during the period. iShares MSCI Emerging Markets ETF comprises approximately 0.9% of Balanced Wealth Group LLC’s holdings, making the stock its 19th largest position. Balanced Wealth Group LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $2,136,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Reston Wealth Management LLC purchased a new position in iShares MSCI Emerging Markets ETF in the third quarter valued at about $111,000. United Asset Strategies Inc. purchased a new position in iShares MSCI Emerging Markets ETF in the third quarter valued at about $230,000. SteelPeak Wealth LLC increased its holdings in iShares MSCI Emerging Markets ETF by 7.8% in the third quarter. SteelPeak Wealth LLC now owns 208,924 shares of the exchange traded fund’s stock valued at $9,581,000 after buying an additional 15,065 shares in the last quarter. Pinnacle Associates Ltd. increased its holdings in iShares MSCI Emerging Markets ETF by 37.3% in the third quarter. Pinnacle Associates Ltd. now owns 6,781 shares of the exchange traded fund’s stock valued at $311,000 after buying an additional 1,842 shares in the last quarter. Finally, Edge Financial Advisors LLC purchased a new position in iShares MSCI Emerging Markets ETF in the third quarter valued at about $772,000. 81.39% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Stock Down 0.6 %

Shares of iShares MSCI Emerging Markets ETF stock opened at $44.45 on Friday. iShares MSCI Emerging Markets ETF has a 12-month low of $36.41 and a 12-month high of $47.44. The company has a 50-day moving average of $44.57 and a two-hundred day moving average of $43.16.

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).