Littlejohn Financial Services Inc. Raises Stock Position in iShares MSCI Emerging Markets ETF $EEM

Littlejohn Financial Services Inc. grew its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 78.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 50,544 shares of the exchange traded fund’s stock after acquiring an additional 22,194 shares during the quarter. iShares MSCI Emerging Markets ETF makes up 2.0% of Littlejohn Financial Services Inc.’s holdings, making the stock its 14th biggest holding. Littlejohn Financial Services Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $2,699,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in iShares MSCI Emerging Markets ETF by 1.7% during the fourth quarter. Brighton Jones LLC now owns 118,587 shares of the exchange traded fund’s stock valued at $4,959,000 after purchasing an additional 1,940 shares during the period. AQR Capital Management LLC grew its holdings in iShares MSCI Emerging Markets ETF by 13.3% during the 1st quarter. AQR Capital Management LLC now owns 80,248 shares of the exchange traded fund’s stock valued at $3,507,000 after purchasing an additional 9,437 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in iShares MSCI Emerging Markets ETF by 1.0% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 46,736 shares of the exchange traded fund’s stock worth $2,255,000 after purchasing an additional 472 shares during the period. Key Client Fiduciary Advisors LLC purchased a new stake in iShares MSCI Emerging Markets ETF in the 2nd quarter worth about $206,000. Finally, Alesco Advisors LLC bought a new stake in iShares MSCI Emerging Markets ETF in the second quarter worth about $213,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

EEM opened at $57.75 on Thursday. The stock’s 50 day moving average price is $54.84 and its 200-day moving average price is $52.58. iShares MSCI Emerging Markets ETF has a one year low of $38.19 and a one year high of $57.97. The stock has a market cap of $22.84 billion, a price-to-earnings ratio of 14.46 and a beta of 0.64.

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). 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.