Congress Wealth Management LLC DE Grows Stock Holdings in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Congress Wealth Management LLC DE boosted its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 59.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 198,532 shares of the exchange traded fund’s stock after purchasing an additional 74,090 shares during the quarter. Congress Wealth Management LLC DE’s holdings in iShares MSCI Emerging Markets ETF were worth $8,303,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Pillar Financial Advisors LLC acquired a new position in shares of iShares MSCI Emerging Markets ETF during the 4th quarter worth $28,000. Teachers Insurance & Annuity Association of America purchased a new position in iShares MSCI Emerging Markets ETF during the 3rd quarter valued at about $37,000. Compass Planning Associates Inc acquired a new position in iShares MSCI Emerging Markets ETF during the fourth quarter worth about $36,000. Creative Capital Management Investments LLC purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the fourth quarter valued at about $38,000. Finally, Atmos Advisory LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the fourth quarter valued at approximately $40,000. 81.39% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Price Performance

Shares of EEM opened at $44.65 on Wednesday. iShares MSCI Emerging Markets ETF has a 1-year low of $39.39 and a 1-year high of $47.44. The firm has a 50 day simple moving average of $43.66 and a 200-day simple moving average of $43.83. The stock has a market cap of $16.92 billion, a price-to-earnings ratio of 14.88 and a beta of 0.72.

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).