Power Wealth Management LLC Raises Stock Position in iShares MSCI Emerging Markets ETF $EEM

Power Wealth Management LLC lifted its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 243.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,409 shares of the exchange traded fund’s stock after acquiring an additional 13,756 shares during the quarter. Power Wealth Management LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $1,328,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Integrity Financial Corp WA purchased a new position in shares of iShares MSCI Emerging Markets ETF in the second quarter valued at $146,000. Continuum Advisory LLC acquired a new position in iShares MSCI Emerging Markets ETF in the second quarter worth about $154,000. Hudson Portfolio Management LLC grew its stake in iShares MSCI Emerging Markets ETF by 20.2% in the second quarter. Hudson Portfolio Management LLC now owns 20,763 shares of the exchange traded fund’s stock worth $1,420,000 after purchasing an additional 3,493 shares in the last quarter. Atticus Wealth Management LLC increased its holdings in iShares MSCI Emerging Markets ETF by 3.9% in the second quarter. Atticus Wealth Management LLC now owns 34,811 shares of the exchange traded fund’s stock valued at $2,381,000 after buying an additional 1,308 shares during the last quarter. Finally, SkyOak Wealth LLC bought a new stake in iShares MSCI Emerging Markets ETF in the second quarter valued at about $234,000. 81.39% of the stock is owned by institutional investors and hedge funds.

iShares MSCI Emerging Markets ETF Stock Up 0.5%

Shares of NYSEARCA EEM opened at $67.47 on Friday. The stock’s 50 day moving average price is $65.74 and its two-hundred day moving average price is $63.96. iShares MSCI Emerging Markets ETF has a 52-week low of $49.53 and a 52-week high of $71.57. The stock has a market capitalization of $30.33 billion, a P/E 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.