First Heartland Consultants Inc. Raises Stock Holdings in iShares MSCI Emerging Markets ETF $EEM

First Heartland Consultants Inc. increased its position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 12.8% in the second quarter, HoldingsChannel reports. The firm owned 274,373 shares of the exchange traded fund’s stock after acquiring an additional 31,232 shares during the quarter. iShares MSCI Emerging Markets ETF accounts for 1.2% of First Heartland Consultants Inc.’s portfolio, making the stock its 15th biggest position. First Heartland Consultants Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $18,770,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. MidAtlantic Capital Management Inc. acquired a new position in shares of iShares MSCI Emerging Markets ETF in the 4th quarter valued at $25,000. Hilton Head Capital Partners LLC acquired a new stake in iShares MSCI Emerging Markets ETF during the fourth quarter valued at $25,000. Merkkuri Wealth Advisors LLC purchased a new position in iShares MSCI Emerging Markets ETF in the first quarter valued at $27,000. Jessup Wealth Management Inc purchased a new position in iShares MSCI Emerging Markets ETF in the fourth quarter valued at $31,000. Finally, Elevated Capital Advisors LLC acquired a new position in shares of iShares MSCI Emerging Markets ETF in the fourth quarter worth about $31,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Up 1.0%

EEM stock opened at $65.64 on Friday. The company’s 50-day simple moving average is $66.38 and its 200-day simple moving average is $63.00. iShares MSCI Emerging Markets ETF has a 52-week low of $49.23 and a 52-week high of $71.57. The firm has a market cap of $29.51 billion, a P/E ratio of 14.46 and a beta of 0.74.

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.