Florida Financial Advisors LLC Acquires New Stake in iShares MSCI Emerging Markets ETF $EEM

Florida Financial Advisors LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 9,545 shares of the exchange traded fund’s stock, valued at approximately $522,000.

A number of other large investors have also made changes to their positions in EEM. Asempa Wealth Advisors acquired a new stake in iShares MSCI Emerging Markets ETF in the 4th quarter worth about $593,000. Bradley Foster & Sargent Inc. CT boosted its stake in iShares MSCI Emerging Markets ETF by 59.0% in the 3rd quarter. Bradley Foster & Sargent Inc. CT now owns 52,345 shares of the exchange traded fund’s stock worth $2,795,000 after buying an additional 19,432 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in iShares MSCI Emerging Markets ETF by 92.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 230,897 shares of the exchange traded fund’s stock worth $12,632,000 after buying an additional 110,888 shares during the last quarter. Allium Financial Advisors LLC boosted its stake in iShares MSCI Emerging Markets ETF by 35.3% in the 3rd quarter. Allium Financial Advisors LLC now owns 111,066 shares of the exchange traded fund’s stock worth $5,931,000 after buying an additional 28,998 shares during the last quarter. Finally, Vawter Financial Ltd. acquired a new stake in iShares MSCI Emerging Markets ETF in the 3rd quarter worth about $444,000. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Up 2.2%

Shares of NYSEARCA:EEM opened at $70.08 on Tuesday. The stock’s 50-day moving average price is $62.65 and its two-hundred day moving average price is $59.14. iShares MSCI Emerging Markets ETF has a 12-month low of $45.52 and a 12-month high of $70.51. The firm has a market cap of $31.03 billion, a price-to-earnings ratio of 14.46 and a beta of 0.71.

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.