Balanced Wealth Group LLC Takes Position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

Balanced Wealth Group LLC bought a new position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the 4th quarter, HoldingsChannel.com reports. The fund bought 55,595 shares of the exchange traded fund’s stock, valued at approximately $2,235,000. iShares MSCI Emerging Markets ETF comprises approximately 1.2% of Balanced Wealth Group LLC’s portfolio, making the stock its 21st largest position.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of iShares MSCI Emerging Markets ETF by 2.7% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 10,677 shares of the exchange traded fund’s stock valued at $429,000 after purchasing an additional 280 shares during the last quarter. Brand Asset Management Group Inc. grew its stake in iShares MSCI Emerging Markets ETF by 1.5% during the fourth quarter. Brand Asset Management Group Inc. now owns 19,750 shares of the exchange traded fund’s stock valued at $794,000 after acquiring an additional 287 shares in the last quarter. DB Fitzpatrick & Co Inc grew its stake in iShares MSCI Emerging Markets ETF by 1.4% in the 4th quarter. DB Fitzpatrick & Co Inc now owns 20,667 shares of the exchange traded fund’s stock worth $831,000 after buying an additional 291 shares in the last quarter. First National Trust Co increased its holdings in shares of iShares MSCI Emerging Markets ETF by 1.7% in the 4th quarter. First National Trust Co now owns 17,369 shares of the exchange traded fund’s stock worth $698,000 after buying an additional 293 shares during the last quarter. Finally, Procyon Advisors LLC grew its position in iShares MSCI Emerging Markets ETF by 1.5% in the fourth quarter. Procyon Advisors LLC now owns 19,832 shares of the exchange traded fund’s stock worth $797,000 after acquiring an additional 296 shares in the last quarter. 81.39% of the stock is owned by institutional investors.

iShares MSCI Emerging Markets ETF Price Performance

Shares of iShares MSCI Emerging Markets ETF stock traded up $0.01 during trading on Wednesday, hitting $42.28. 18,785,109 shares of the stock traded hands, compared to its average volume of 28,948,510. iShares MSCI Emerging Markets ETF has a 52 week low of $36.38 and a 52 week high of $42.54. The firm’s fifty day moving average is $40.92 and its 200-day moving average is $39.73.

iShares MSCI Emerging Markets ETF 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).