Dorsey Wright & Associates Purchases New Stake in iShares MSCI Emerging Markets ETF $EEM

Dorsey Wright & Associates acquired a new stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the first quarter, Holdings Channel.com reports. The fund acquired 123,461 shares of the exchange traded fund’s stock, valued at approximately $7,011,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EEM. Founders Financial Securities LLC raised its holdings in shares of iShares MSCI Emerging Markets ETF by 0.3% during the first quarter. Founders Financial Securities LLC now owns 52,222 shares of the exchange traded fund’s stock worth $3,148,000 after acquiring an additional 163 shares in the last quarter. Arcus Capital Partners LLC boosted its position in iShares MSCI Emerging Markets ETF by 1.0% during the first quarter. Arcus Capital Partners LLC now owns 16,886 shares of the exchange traded fund’s stock valued at $959,000 after purchasing an additional 167 shares during the last quarter. Hazlett Burt & Watson Inc. grew its stake in iShares MSCI Emerging Markets ETF by 5.3% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 3,388 shares of the exchange traded fund’s stock valued at $184,000 after purchasing an additional 169 shares in the last quarter. Cim LLC grew its stake in iShares MSCI Emerging Markets ETF by 3.0% in the fourth quarter. Cim LLC now owns 6,326 shares of the exchange traded fund’s stock valued at $346,000 after purchasing an additional 182 shares in the last quarter. Finally, Nicolet Advisory Services LLC increased its position in iShares MSCI Emerging Markets ETF by 2.9% in the 4th quarter. Nicolet Advisory Services LLC now owns 6,516 shares of the exchange traded fund’s stock worth $378,000 after purchasing an additional 184 shares during the last quarter. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

Shares of iShares MSCI Emerging Markets ETF stock opened at $63.29 on Friday. The firm has a market cap of $28.02 billion, a price-to-earnings ratio of 14.46 and a beta of 0.72. The stock has a 50-day simple moving average of $67.11 and a 200-day simple moving average of $62.20. iShares MSCI Emerging Markets ETF has a 52-week low of $47.98 and a 52-week high of $71.57.

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.