Granite Bay Wealth Management LLC Buys 22,253 Shares of iShares MSCI Emerging Markets ETF $EEM

Granite Bay Wealth Management LLC grew its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 6.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 377,040 shares of the exchange traded fund’s stock after purchasing an additional 22,253 shares during the quarter. iShares MSCI Emerging Markets ETF makes up 5.8% of Granite Bay Wealth Management LLC’s holdings, making the stock its 5th biggest position. Granite Bay Wealth Management LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $18,188,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Barings LLC acquired a new position in iShares MSCI Emerging Markets ETF in the 1st quarter valued at $24,806,000. US Financial Advisors LLC grew its holdings in shares of iShares MSCI Emerging Markets ETF by 11.6% during the first quarter. US Financial Advisors LLC now owns 226,949 shares of the exchange traded fund’s stock worth $9,918,000 after buying an additional 23,542 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of iShares MSCI Emerging Markets ETF by 21.1% in the first quarter. Geneos Wealth Management Inc. now owns 136,579 shares of the exchange traded fund’s stock valued at $5,969,000 after buying an additional 23,772 shares during the last quarter. Aegis Wealth Management LLC lifted its stake in shares of iShares MSCI Emerging Markets ETF by 68.7% in the first quarter. Aegis Wealth Management LLC now owns 8,593 shares of the exchange traded fund’s stock worth $376,000 after buying an additional 3,500 shares in the last quarter. Finally, MMA Asset Management LLC lifted its stake in shares of iShares MSCI Emerging Markets ETF by 6.4% in the first quarter. MMA Asset Management LLC now owns 105,759 shares of the exchange traded fund’s stock worth $4,622,000 after buying an additional 6,329 shares in the last quarter. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Down 0.1%

EEM stock opened at $52.26 on Monday. The firm has a 50-day moving average of $49.62 and a two-hundred day moving average of $46.51. iShares MSCI Emerging Markets ETF has a 12 month low of $38.19 and a 12 month high of $52.35. The company has a market cap of $19.87 billion, a price-to-earnings 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).