Summit Wealth Partners LLC Buys New Holdings in iShares MSCI Emerging Markets ETF $EEM

Summit Wealth Partners LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 7,611 shares of the exchange traded fund’s stock, valued at approximately $432,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. MidAtlantic Capital Management Inc. bought a new stake in iShares MSCI Emerging Markets ETF in the fourth quarter valued at approximately $25,000. Hilton Head Capital Partners LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the fourth quarter valued at approximately $25,000. BTG Pactual Asset Management US LLC grew its holdings in shares of iShares MSCI Emerging Markets ETF by 101.3% in the third quarter. BTG Pactual Asset Management US LLC now owns 571 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 46,071 shares during the last quarter. Elevated Capital Advisors LLC bought a new position in shares of iShares MSCI Emerging Markets ETF in the fourth quarter worth approximately $31,000. Finally, MidFirst Bank purchased a new position in shares of iShares MSCI Emerging Markets ETF in the fourth quarter worth $31,000. 81.39% of the stock is currently owned by institutional investors.

iShares MSCI Emerging Markets ETF Stock Down 5.7%

NYSEARCA:EEM opened at $67.17 on Wednesday. The company has a fifty day moving average of $66.20 and a 200 day moving average of $60.73. iShares MSCI Emerging Markets ETF has a 52 week low of $47.41 and a 52 week high of $71.57. The firm has a market capitalization of $29.74 billion, a P/E ratio of 14.46 and a beta of 0.73.

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.