Parallel Advisors LLC Acquires 3,559 Shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Parallel Advisors LLC increased its position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 2.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 130,969 shares of the exchange traded fund’s stock after buying an additional 3,559 shares during the period. Parallel Advisors LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $5,477,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of EEM. DRW Securities LLC raised its stake in shares of 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 buying an additional 2,344,192 shares in the last quarter. SPX Gestao de Recursos Ltda acquired a new stake in shares of iShares MSCI Emerging Markets ETF in the 3rd quarter valued at approximately $105,980,000. LPL Financial LLC raised its position in shares of iShares MSCI Emerging Markets ETF by 6.2% in the 3rd quarter. LPL Financial LLC now owns 2,118,866 shares of the exchange traded fund’s stock valued at $97,171,000 after acquiring an additional 123,741 shares during the period. Cassaday & Co Wealth Management LLC raised its position in shares of iShares MSCI Emerging Markets ETF by 1.5% in the 4th 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 acquiring an additional 27,779 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in iShares MSCI Emerging Markets ETF during the 4th quarter worth approximately $67,244,000. 81.39% of the stock is owned by institutional investors.

iShares MSCI Emerging Markets ETF Stock Performance

Shares of EEM stock opened at $45.34 on Tuesday. iShares MSCI Emerging Markets ETF has a 52 week low of $39.39 and a 52 week high of $47.44. The company has a market capitalization of $17.18 billion, a P/E ratio of 14.88 and a beta of 0.72. The company’s 50 day moving average price is $43.25 and its two-hundred day moving average price is $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).