Sequoia Financial Advisors LLC Increases Stock Position in iShares MSCI Emerging Markets ETF $EEM

Sequoia Financial Advisors LLC grew its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 53.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,799 shares of the exchange traded fund’s stock after purchasing an additional 10,735 shares during the period. Sequoia Financial Advisors LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $1,685,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the 3rd quarter worth $407,231,000. Mariner LLC boosted its position in shares of iShares MSCI Emerging Markets ETF by 23.8% during the 3rd quarter. Mariner LLC now owns 2,324,614 shares of the exchange traded fund’s stock worth $124,134,000 after purchasing an additional 447,010 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of iShares MSCI Emerging Markets ETF by 18.3% during the 2nd quarter. Raymond James Financial Inc. now owns 2,031,899 shares of the exchange traded fund’s stock worth $98,019,000 after purchasing an additional 313,978 shares in the last quarter. National Bank of Canada FI boosted its position in shares of iShares MSCI Emerging Markets ETF by 21,534.1% during the 3rd quarter. National Bank of Canada FI now owns 1,979,092 shares of the exchange traded fund’s stock worth $105,689,000 after purchasing an additional 1,969,944 shares in the last quarter. Finally, Duquesne Family Office LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the 3rd quarter worth $101,460,000. 81.39% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Price Performance

Shares of NYSEARCA:EEM opened at $67.89 on Tuesday. The business’s 50 day simple moving average is $60.18 and its 200-day simple moving average is $57.91. The firm has a market capitalization of $30.06 billion, a price-to-earnings ratio of 14.46 and a beta of 0.71. iShares MSCI Emerging Markets ETF has a 12 month low of $45.23 and a 12 month high of $68.15.

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). 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.