Proficio Capital Partners LLC Makes New $425,000 Investment in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Proficio Capital Partners LLC bought a new stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the 4th quarter, HoldingsChannel reports. The firm bought 10,162 shares of the exchange traded fund’s stock, valued at approximately $425,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. DRW Securities LLC raised its stake in iShares MSCI Emerging Markets ETF by 603.8% in the 3rd quarter. DRW Securities LLC now owns 2,732,449 shares of the exchange traded fund’s stock valued at $125,310,000 after purchasing an additional 2,344,192 shares during the last quarter. SPX Gestao de Recursos Ltda purchased a new stake in shares of iShares MSCI Emerging Markets ETF during the third quarter worth $105,980,000. Cassaday & Co Wealth Management LLC raised its position in shares of iShares MSCI Emerging Markets ETF by 1.5% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 1,936,480 shares of the exchange traded fund’s stock valued at $80,984,000 after buying an additional 27,779 shares during the last quarter. Total Investment Management Inc. lifted its stake in shares of iShares MSCI Emerging Markets ETF by 3.7% in the fourth quarter. Total Investment Management Inc. now owns 1,541,272 shares of the exchange traded fund’s stock worth $64,456,000 after buying an additional 54,732 shares in the last quarter. Finally, Keybank National Association OH boosted its position in iShares MSCI Emerging Markets ETF by 3.1% during the fourth quarter. Keybank National Association OH now owns 1,006,631 shares of the exchange traded fund’s stock worth $42,097,000 after acquiring an additional 29,831 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 Up 0.4 %

Shares of NYSEARCA EEM opened at $44.78 on Tuesday. The stock has a market cap of $16.97 billion, a PE ratio of 14.88 and a beta of 0.72. iShares MSCI Emerging Markets ETF has a 12-month low of $39.39 and a 12-month high of $47.44. The company has a 50-day moving average of $43.59 and a 200 day moving average of $43.81.

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).