Elevatus Welath Management Buys 66,968 Shares of iShares MSCI Emerging Markets ETF $EEM

Elevatus Welath Management increased its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 106.7% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 129,730 shares of the exchange traded fund’s stock after purchasing an additional 66,968 shares during the quarter. iShares MSCI Emerging Markets ETF makes up approximately 2.1% of Elevatus Welath Management’s investment portfolio, making the stock its 17th largest position. Elevatus Welath Management’s holdings in iShares MSCI Emerging Markets ETF were worth $6,258,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Banco Bilbao Vizcaya Argentaria S.A. raised its position in iShares MSCI Emerging Markets ETF by 212.1% during the second quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 4,634,821 shares of the exchange traded fund’s stock worth $223,062,000 after acquiring an additional 3,149,813 shares in the last quarter. Invesco Ltd. acquired a new position in shares of iShares MSCI Emerging Markets ETF during the 2nd quarter worth about $100,644,000. Bank of Nova Scotia raised its holdings in shares of iShares MSCI Emerging Markets ETF by 314.6% in the 2nd quarter. Bank of Nova Scotia now owns 2,240,422 shares of the exchange traded fund’s stock valued at $108,078,000 after purchasing an additional 1,700,100 shares during the period. Bailard Inc. raised its holdings in shares of iShares MSCI Emerging Markets ETF by 670.9% in the 2nd quarter. Bailard Inc. now owns 1,894,392 shares of the exchange traded fund’s stock valued at $91,385,000 after purchasing an additional 1,648,670 shares during the period. Finally, USA Financial Formulas acquired a new stake in iShares MSCI Emerging Markets ETF in the 2nd quarter valued at about $67,857,000. 81.39% of the stock is currently owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Stock Performance

iShares MSCI Emerging Markets ETF stock opened at $54.24 on Friday. The stock has a 50-day simple moving average of $54.49 and a 200 day simple moving average of $51.20. The stock has a market capitalization of $20.62 billion, a P/E ratio of 14.46 and a beta of 0.64. iShares MSCI Emerging Markets ETF has a 52 week low of $38.19 and a 52 week high of $56.31.

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).