Strategic Financial Concepts LLC Purchases New Stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Strategic Financial Concepts LLC purchased a new stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 46,551 shares of the exchange traded fund’s stock, valued at approximately $1,947,000.

Several other hedge funds have also recently bought and sold shares of EEM. Rockland Trust Co. raised its stake in shares of iShares MSCI Emerging Markets ETF by 0.8% during the fourth quarter. Rockland Trust Co. now owns 32,226 shares of the exchange traded fund’s stock valued at $1,348,000 after purchasing an additional 260 shares during the period. Sax Wealth Advisors LLC raised its stake in shares of iShares MSCI Emerging Markets ETF by 3.1% during the fourth quarter. Sax Wealth Advisors LLC now owns 9,080 shares of the exchange traded fund’s stock valued at $380,000 after purchasing an additional 276 shares during the period. Glass Jacobson Investment Advisors llc raised its stake in shares of iShares MSCI Emerging Markets ETF by 1.2% during the third quarter. Glass Jacobson Investment Advisors llc now owns 24,497 shares of the exchange traded fund’s stock valued at $1,123,000 after purchasing an additional 279 shares during the period. Griffin Asset Management Inc. raised its stake in shares of iShares MSCI Emerging Markets ETF by 5.1% during the fourth quarter. Griffin Asset Management Inc. now owns 5,726 shares of the exchange traded fund’s stock valued at $239,000 after purchasing an additional 279 shares during the period. Finally, One Wealth Advisors LLC raised its stake in shares of iShares MSCI Emerging Markets ETF by 2.6% during the third quarter. One Wealth Advisors LLC now owns 10,915 shares of the exchange traded fund’s stock valued at $501,000 after purchasing an additional 280 shares during the period. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Up 1.2 %

EEM opened at $43.72 on Tuesday. The firm’s 50 day moving average is $42.64 and its 200-day moving average is $43.45. iShares MSCI Emerging Markets ETF has a 52-week low of $38.95 and a 52-week 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).