Pinnacle Wealth Planning Services Inc. Raises Position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Pinnacle Wealth Planning Services Inc. raised its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 68.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,952 shares of the exchange traded fund’s stock after acquiring an additional 6,873 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $709,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. DRW Securities LLC boosted its stake in shares of iShares MSCI Emerging Markets ETF by 603.8% during the 3rd quarter. DRW Securities LLC now owns 2,732,449 shares of the exchange traded fund’s stock worth $125,310,000 after acquiring an additional 2,344,192 shares during the last quarter. SPX Gestao de Recursos Ltda purchased a new position in shares of iShares MSCI Emerging Markets ETF during the 3rd quarter worth $105,980,000. LPL Financial LLC boosted its stake in shares of iShares MSCI Emerging Markets ETF by 6.2% during the 3rd quarter. LPL Financial LLC now owns 2,118,866 shares of the exchange traded fund’s stock worth $97,171,000 after acquiring an additional 123,741 shares during the last quarter. Cassaday & Co Wealth Management LLC boosted its stake in shares of iShares MSCI Emerging Markets ETF by 1.5% during the 4th quarter. Cassaday & Co Wealth Management LLC now owns 1,936,480 shares of the exchange traded fund’s stock worth $80,984,000 after acquiring an additional 27,779 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of iShares MSCI Emerging Markets ETF during the 4th quarter worth $67,244,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

Shares of iShares MSCI Emerging Markets ETF stock opened at $44.48 on Thursday. The stock has a market capitalization of $16.47 billion, a PE ratio of 14.53 and a beta of 0.70. iShares MSCI Emerging Markets ETF has a 1-year low of $39.39 and a 1-year high of $47.44. The company’s fifty day simple moving average is $42.92 and its 200-day simple moving average is $43.70.

iShares MSCI Emerging Markets ETF 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).