Sowell Financial Services LLC Acquires 1,542 Shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Sowell Financial Services LLC increased its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 70,259 shares of the exchange traded fund’s stock after purchasing an additional 1,542 shares during the quarter. Sowell Financial Services LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $2,938,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. QRG Capital Management Inc. bought a new stake in iShares MSCI Emerging Markets ETF during the fourth quarter valued at $205,000. Allspring Global Investments Holdings LLC boosted its position in iShares MSCI Emerging Markets ETF by 41.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 45,133 shares of the exchange traded fund’s stock valued at $1,887,000 after acquiring an additional 13,160 shares during the last quarter. Bleakley Financial Group LLC bought a new stake in iShares MSCI Emerging Markets ETF during the fourth quarter valued at $204,000. Sincerus Advisory LLC bought a new stake in iShares MSCI Emerging Markets ETF during the fourth quarter valued at $1,552,000. Finally, Sanctuary Advisors LLC boosted its position in iShares MSCI Emerging Markets ETF by 44.6% during the fourth quarter. Sanctuary Advisors LLC now owns 127,543 shares of the exchange traded fund’s stock valued at $5,511,000 after acquiring an additional 39,361 shares during the last quarter. Institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

EEM stock opened at $44.42 on Monday. The stock has a market capitalization of $16.45 billion, a PE ratio of 14.53 and a beta of 0.70. The company’s 50-day moving average is $42.99 and its 200-day moving average is $43.71. iShares MSCI Emerging Markets ETF has a 1 year low of $39.39 and a 1 year high of $47.44.

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).