75,792 Shares in iShares MSCI Emerging Markets ETF $EEM Bought by Modera Wealth Management LLC

Modera Wealth Management LLC acquired a new position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 75,792 shares of the exchange traded fund’s stock, valued at approximately $5,062,000.

Other institutional investors have also recently added to or reduced their stakes in the company. First Bancorp Inc ME purchased a new stake in iShares MSCI Emerging Markets ETF in the second quarter valued at approximately $37,000. MADDEN SECURITIES Corp acquired a new position in iShares MSCI Emerging Markets ETF during the third quarter worth $27,000. Balance Wealth Partners LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF during the third quarter worth $28,000. Financial Management Professionals Inc. purchased a new position in shares of iShares MSCI Emerging Markets ETF during the third quarter worth $29,000. Finally, Curry Webb Wealth Management LLC purchased a new position in shares of iShares MSCI Emerging Markets ETF during the third quarter worth $40,000. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Down 2.7%

Shares of NYSEARCA EEM opened at $61.04 on Friday. iShares MSCI Emerging Markets ETF has a twelve month low of $52.38 and a twelve month high of $71.57. The stock has a fifty day simple moving average of $66.11 and a 200-day simple moving average of $63.82. The stock has a market capitalization of $28.29 billion, a PE ratio of 14.46 and a beta of 0.74.

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.