Kaydan Wealth Management Inc. Takes $15.91 Million Position in iShares MSCI Emerging Markets ETF $EEM

Kaydan Wealth Management Inc. bought a new position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 232,524 shares of the exchange traded fund’s stock, valued at approximately $15,907,000. iShares MSCI Emerging Markets ETF accounts for 4.8% of Kaydan Wealth Management Inc.’s investment portfolio, making the stock its 7th largest position. Kaydan Wealth Management Inc. owned 0.05% of iShares MSCI Emerging Markets ETF as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Bank of America Corp DE lifted its holdings in iShares MSCI Emerging Markets ETF by 22.8% in the 1st quarter. Bank of America Corp DE now owns 37,337,990 shares of the exchange traded fund’s stock worth $2,120,424,000 after buying an additional 6,929,284 shares during the period. Board of Trustees of The Leland Stanford Junior University lifted its stake in iShares MSCI Emerging Markets ETF by 102.7% in the first quarter. Board of Trustees of The Leland Stanford Junior University now owns 9,035,926 shares of the exchange traded fund’s stock worth $513,150,000 after acquiring an additional 4,577,226 shares during the period. Hsbc Holdings PLC lifted its stake in iShares MSCI Emerging Markets ETF by 74.9% in the fourth quarter. Hsbc Holdings PLC now owns 6,591,631 shares of the exchange traded fund’s stock worth $360,596,000 after acquiring an additional 2,823,265 shares during the period. PNC Financial Services Group Inc. boosted its holdings in iShares MSCI Emerging Markets ETF by 4.3% in the first quarter. PNC Financial Services Group Inc. now owns 4,611,088 shares of the exchange traded fund’s stock valued at $261,864,000 after acquiring an additional 189,366 shares in the last quarter. Finally, LPL Financial LLC increased its position in iShares MSCI Emerging Markets ETF by 6.1% during the 4th quarter. LPL Financial LLC now owns 3,401,849 shares of the exchange traded fund’s stock valued at $186,115,000 after purchasing an additional 196,473 shares during the period. 81.39% of the stock is owned by institutional investors.

iShares MSCI Emerging Markets ETF Trading Up 1.8%

NYSEARCA:EEM opened at $68.70 on Friday. The company has a 50-day moving average price of $65.77 and a 200-day moving average price of $64.00. The stock has a market cap of $30.88 billion, a price-to-earnings ratio of 14.46 and a beta of 0.74. iShares MSCI Emerging Markets ETF has a 12 month low of $50.17 and a 12 month high of $71.57.

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). 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.