Elevation Point Wealth Partners LLC Raises Stake in iShares MSCI Emerging Markets ETF $EEM

Elevation Point Wealth Partners LLC increased its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 232.3% in the third quarter, HoldingsChannel reports. The fund owned 63,983 shares of the exchange traded fund’s stock after purchasing an additional 44,727 shares during the period. Elevation Point Wealth Partners LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $3,417,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in EEM. Gries Financial LLC increased its position in iShares MSCI Emerging Markets ETF by 1.3% during the 3rd quarter. Gries Financial LLC now owns 14,652 shares of the exchange traded fund’s stock valued at $782,000 after purchasing an additional 187 shares during the period. Brown Lisle Cummings Inc. raised its stake in iShares MSCI Emerging Markets ETF by 11.7% during the third quarter. Brown Lisle Cummings Inc. now owns 1,926 shares of the exchange traded fund’s stock valued at $103,000 after buying an additional 201 shares during the last quarter. Accredited Wealth Management LLC boosted its stake in iShares MSCI Emerging Markets ETF by 42.7% in the 3rd quarter. Accredited Wealth Management LLC now owns 688 shares of the exchange traded fund’s stock worth $37,000 after purchasing an additional 206 shares in the last quarter. Promus Capital LLC lifted its stake in shares of iShares MSCI Emerging Markets ETF by 0.3% in the third quarter. Promus Capital LLC now owns 79,543 shares of the exchange traded fund’s stock worth $4,248,000 after buying an additional 215 shares in the last quarter. Finally, Westmount Partners LLC boosted its stake in iShares MSCI Emerging Markets ETF by 2.0% during the 3rd quarter. Westmount Partners LLC now owns 10,894 shares of the exchange traded fund’s stock valued at $586,000 after purchasing an additional 218 shares during the last quarter. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Down 0.3%

Shares of EEM stock opened at $56.80 on Friday. iShares MSCI Emerging Markets ETF has a 12-month low of $38.19 and a 12-month high of $65.96. The stock has a market capitalization of $25.89 billion, a P/E ratio of 14.46 and a beta of 0.64. The firm’s 50 day moving average is $59.38 and its 200 day moving average is $55.69.

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.