Spire Wealth Management Has $3.37 Million Stock Position in iShares MSCI Emerging Markets ETF $EEM

Spire Wealth Management boosted its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 29.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 63,050 shares of the exchange traded fund’s stock after acquiring an additional 14,208 shares during the quarter. Spire Wealth Management’s holdings in iShares MSCI Emerging Markets ETF were worth $3,367,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in shares of iShares MSCI Emerging Markets ETF by 11.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 12,043,203 shares of the exchange traded fund’s stock valued at $580,964,000 after purchasing an additional 1,256,608 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in iShares MSCI Emerging Markets ETF by 212.1% in the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 4,634,821 shares of the exchange traded fund’s stock valued at $223,062,000 after purchasing an additional 3,149,813 shares during the last quarter. Corient Private Wealth LLC boosted its position in iShares MSCI Emerging Markets ETF by 206.0% in the second quarter. Corient Private Wealth LLC now owns 3,240,329 shares of the exchange traded fund’s stock valued at $156,313,000 after buying an additional 2,181,269 shares in the last quarter. Bank of Nova Scotia boosted its position in iShares MSCI Emerging Markets ETF by 314.6% in the second quarter. Bank of Nova Scotia now owns 2,240,422 shares of the exchange traded fund’s stock valued at $108,078,000 after buying an additional 1,700,100 shares in the last quarter. Finally, Invesco Ltd. bought a new stake in shares of iShares MSCI Emerging Markets ETF during the second quarter worth $100,644,000. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of NYSEARCA:EEM opened at $56.87 on Friday. iShares MSCI Emerging Markets ETF has a 52-week low of $38.19 and a 52-week high of $57.43. The company has a market capitalization of $21.93 billion, a PE ratio of 14.46 and a beta of 0.64. The company has a fifty day moving average of $54.64 and a 200-day moving average of $52.28.

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.