Kercheville Advisors LLC Makes New $481,000 Investment in iShares MSCI Emerging Markets ETF $EEM

Kercheville Advisors LLC acquired a new stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the third quarter, according to its most recent filing with the SEC. The firm acquired 9,000 shares of the exchange traded fund’s stock, valued at approximately $481,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Brown Lisle Cummings Inc. boosted its holdings in iShares MSCI Emerging Markets ETF by 11.7% in the third quarter. Brown Lisle Cummings Inc. now owns 1,926 shares of the exchange traded fund’s stock valued at $103,000 after acquiring an additional 201 shares during the last quarter. Sowell Financial Services LLC lifted its position in iShares MSCI Emerging Markets ETF by 0.3% during the 2nd quarter. Sowell Financial Services LLC now owns 71,413 shares of the exchange traded fund’s stock valued at $3,445,000 after purchasing an additional 211 shares during the period. Optimum Investment Advisors boosted its stake in shares of iShares MSCI Emerging Markets ETF by 2.8% in the 2nd quarter. Optimum Investment Advisors now owns 7,826 shares of the exchange traded fund’s stock valued at $378,000 after purchasing an additional 214 shares during the last quarter. Westmount Partners LLC boosted its stake in shares of iShares MSCI Emerging Markets ETF by 2.0% in the 3rd quarter. Westmount Partners LLC now owns 10,894 shares of the exchange traded fund’s stock valued at $586,000 after purchasing an additional 218 shares during the last quarter. Finally, Red Tortoise LLC grew its position in shares of iShares MSCI Emerging Markets ETF by 0.8% during the 2nd quarter. Red Tortoise LLC now owns 28,704 shares of the exchange traded fund’s stock worth $1,385,000 after buying an additional 220 shares during the period. Institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

Shares of NYSEARCA EEM opened at $56.24 on Monday. iShares MSCI Emerging Markets ETF has a fifty-two week low of $38.19 and a fifty-two week high of $56.31. The firm has a market capitalization of $21.69 billion, a P/E ratio of 14.46 and a beta of 0.64. The company’s 50 day simple moving average is $54.54 and its 200 day simple moving average is $52.06.

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). The Index is designed to measure equity market performance in the global emerging markets. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.