41,910 Shares of iShares MSCI Emerging Markets ETF $EEM Acquired by USA Financial Formulas

USA Financial Formulas acquired a new position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 41,910 shares of the exchange traded fund’s stock, valued at approximately $2,799,000. iShares MSCI Emerging Markets ETF comprises about 0.5% of USA Financial Formulas’ portfolio, making the stock its 10th biggest position.

Several other large investors also recently added to or reduced their stakes in EEM. McKinley Carter Wealth Services Inc. purchased a new position in shares of iShares MSCI Emerging Markets ETF in the 3rd quarter worth approximately $878,000. Mosley Wealth Management boosted its holdings in shares of iShares MSCI Emerging Markets ETF by 4.2% in the 3rd quarter. Mosley Wealth Management now owns 94,168 shares of the exchange traded fund’s stock worth $6,023,000 after purchasing an additional 3,800 shares during the period. Parisi Gray Wealth Management increased its position in shares of iShares MSCI Emerging Markets ETF by 3.7% during the 3rd quarter. Parisi Gray Wealth Management now owns 107,868 shares of the exchange traded fund’s stock valued at $7,204,000 after purchasing an additional 3,880 shares during the last quarter. TD Waterhouse Canada Inc. increased its position in shares of iShares MSCI Emerging Markets ETF by 108.8% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 302,272 shares of the exchange traded fund’s stock valued at $20,210,000 after purchasing an additional 157,531 shares during the last quarter. Finally, Banque Pictet & Cie SA bought a new position in shares of iShares MSCI Emerging Markets ETF during the 3rd quarter valued at approximately $15,061,000. 81.39% of the stock is owned by institutional investors.

iShares MSCI Emerging Markets ETF Stock Performance

NYSEARCA:EEM opened at $62.85 on Friday. The stock’s fifty day moving average is $66.89 and its 200 day moving average is $65.65. iShares MSCI Emerging Markets ETF has a fifty-two week low of $52.38 and a fifty-two week high of $71.57. The firm has a market capitalization of $29.13 billion, a PE ratio of 14.46 and a beta of 0.74.

iShares MSCI Emerging Markets ETF 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.