Institute for Wealth Management LLC. Grows Position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Institute for Wealth Management LLC. raised its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 5.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 53,443 shares of the exchange traded fund’s stock after acquiring an additional 2,858 shares during the period. Institute for Wealth Management LLC.’s holdings in iShares MSCI Emerging Markets ETF were worth $2,149,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Colton Groome Financial Advisors LLC lifted its holdings in shares of iShares MSCI Emerging Markets ETF by 26.6% during the fourth quarter. Colton Groome Financial Advisors LLC now owns 215,274 shares of the exchange traded fund’s stock worth $8,656,000 after purchasing an additional 45,236 shares during the period. Fonville Wealth Management LLC acquired a new position in shares of iShares MSCI Emerging Markets ETF during the 4th quarter worth $449,000. Strid Group LLC raised its stake in shares of iShares MSCI Emerging Markets ETF by 43.1% during the 4th quarter. Strid Group LLC now owns 21,133 shares of the exchange traded fund’s stock worth $850,000 after buying an additional 6,369 shares during the last quarter. Federated Hermes Inc. acquired a new position in shares of iShares MSCI Emerging Markets ETF during the 4th quarter worth $353,000. Finally, OLD Second National Bank of Aurora raised its stake in shares of iShares MSCI Emerging Markets ETF by 13.5% during the 4th quarter. OLD Second National Bank of Aurora now owns 5,640 shares of the exchange traded fund’s stock worth $227,000 after buying an additional 671 shares during the last quarter. 81.39% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Trading Down 0.4 %

Shares of NYSEARCA:EEM traded down $0.17 during midday trading on Friday, hitting $39.70. 25,489,083 shares of the stock were exchanged, compared to its average volume of 29,223,227. iShares MSCI Emerging Markets ETF has a twelve month low of $36.38 and a twelve month high of $42.00. The company has a 50 day moving average price of $40.62 and a 200-day moving average price of $39.39.

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).