Parallel Advisors LLC Increases Stock Position in iShares MSCI Emerging Markets ETF $EEM

Parallel Advisors LLC raised its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 8.3% during the 4th quarter, Holdings Channel reports. The firm owned 128,770 shares of the exchange traded fund’s stock after purchasing an additional 9,843 shares during the quarter. Parallel Advisors LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $7,045,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Lifestyle Asset Management Inc. lifted its holdings in shares of iShares MSCI Emerging Markets ETF by 35.6% in the fourth quarter. Lifestyle Asset Management Inc. now owns 49,961 shares of the exchange traded fund’s stock valued at $2,733,000 after purchasing an additional 13,117 shares in the last quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. lifted its holdings in shares of iShares MSCI Emerging Markets ETF by 9.0% in the fourth quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. now owns 10,900 shares of the exchange traded fund’s stock valued at $596,000 after purchasing an additional 900 shares in the last quarter. Prudential PLC lifted its holdings in shares of iShares MSCI Emerging Markets ETF by 4.7% in the fourth quarter. Prudential PLC now owns 329,750 shares of the exchange traded fund’s stock valued at $18,041,000 after purchasing an additional 14,700 shares in the last quarter. Avalon Capital Management purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the fourth quarter valued at about $4,462,000. Finally, State of Wyoming purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the fourth quarter valued at about $2,687,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of EEM opened at $69.10 on Friday. The company has a market capitalization of $30.60 billion, a price-to-earnings ratio of 14.46 and a beta of 0.73. The company’s 50 day simple moving average is $63.45 and its 200 day simple moving average is $59.45. iShares MSCI Emerging Markets ETF has a 1 year low of $46.15 and a 1 year high of $70.86.

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.