Pinkerton Wealth LLC Buys 104,771 Shares of iShares MSCI Emerging Markets ETF $EEM

Pinkerton Wealth LLC bought a new stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 104,771 shares of the exchange traded fund’s stock, valued at approximately $6,998,000. iShares MSCI Emerging Markets ETF makes up approximately 1.1% of Pinkerton Wealth LLC’s holdings, making the stock its 24th largest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. XP Advisory US Inc. bought a new position in shares of iShares MSCI Emerging Markets ETF in the second quarter worth about $566,000. IFP Advisors Inc lifted its position in iShares MSCI Emerging Markets ETF by 233.9% in the second quarter. IFP Advisors Inc now owns 103,859 shares of the exchange traded fund’s stock worth $7,105,000 after purchasing an additional 72,758 shares during the period. First Heartland Consultants Inc. acquired a new stake in shares of iShares MSCI Emerging Markets ETF during the 3rd quarter valued at about $17,116,000. Buska Wealth Management LLC boosted its holdings in iShares MSCI Emerging Markets ETF by 77.9% during the third quarter. Buska Wealth Management LLC now owns 74,384 shares of the exchange traded fund’s stock valued at $4,968,000 after purchasing an additional 32,561 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in iShares MSCI Emerging Markets ETF by 9.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,704,404 shares of the exchange traded fund’s stock valued at $185,008,000 after buying an additional 228,966 shares in the last quarter. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

EEM opened at $61.04 on Monday. The firm’s 50-day simple moving average is $66.11 and its 200-day simple moving average is $63.82. iShares MSCI Emerging Markets ETF has a twelve month low of $52.38 and a twelve month high of $71.57. The firm has a market cap of $28.29 billion, a price-to-earnings ratio of 14.46 and a beta of 0.74.

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.