SageView Advisory Group LLC Grows Stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

SageView Advisory Group LLC raised its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 20.1% during the fourth quarter, Holdings Channel reports. The fund owned 6,334 shares of the exchange traded fund’s stock after buying an additional 1,060 shares during the period. SageView Advisory Group LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $244,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Anchor Investment Management LLC purchased a new position in iShares MSCI Emerging Markets ETF in the fourth quarter valued at about $31,000. Cetera Trust Company N.A purchased a new position in iShares MSCI Emerging Markets ETF in the fourth quarter valued at about $32,000. Eagle Bay Advisors LLC lifted its stake in shares of iShares MSCI Emerging Markets ETF by 430.9% during the 4th quarter. Eagle Bay Advisors LLC now owns 807 shares of the exchange traded fund’s stock valued at $32,000 after buying an additional 655 shares in the last quarter. DiNuzzo Private Wealth Inc. purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the 4th quarter valued at approximately $34,000. Finally, FNY Investment Advisers LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the 4th quarter valued at approximately $40,000. 81.39% of the stock is currently owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of EEM stock opened at $42.82 on Friday. The firm’s 50 day moving average is $42.02 and its 200 day moving average is $40.64. iShares MSCI Emerging Markets ETF has a 12 month low of $36.38 and a 12 month high of $43.87.

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).