BlackDiamond Wealth Management LLC Grows Stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

BlackDiamond Wealth Management LLC grew its holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 6.2% during the fourth quarter, HoldingsChannel reports. The fund owned 5,311 shares of the exchange traded fund’s stock after purchasing an additional 310 shares during the period. BlackDiamond Wealth Management LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $222,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in EEM. QRG Capital Management Inc. acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the 4th quarter valued at about $205,000. Jones Financial Companies Lllp boosted its position in shares of iShares MSCI Emerging Markets ETF by 70.3% in the 4th quarter. Jones Financial Companies Lllp now owns 12,265 shares of the exchange traded fund’s stock valued at $513,000 after purchasing an additional 5,063 shares during the period. Victory Capital Management Inc. boosted its position in shares of iShares MSCI Emerging Markets ETF by 25.0% in the 4th quarter. Victory Capital Management Inc. now owns 472,612 shares of the exchange traded fund’s stock valued at $19,765,000 after purchasing an additional 94,633 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of iShares MSCI Emerging Markets ETF by 41.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 45,133 shares of the exchange traded fund’s stock valued at $1,887,000 after purchasing an additional 13,160 shares during the period. Finally, Bleakley Financial Group LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the 4th quarter valued at about $204,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Up 1.7 %

Shares of NYSEARCA EEM opened at $45.34 on Tuesday. The stock has a market cap of $17.18 billion, a PE ratio of 14.88 and a beta of 0.72. iShares MSCI Emerging Markets ETF has a 52-week low of $39.39 and a 52-week high of $47.44. The business has a 50-day moving average price of $43.25 and a 200 day moving average price of $43.74.

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).