Sax Wealth Advisors LLC Raises Position in iShares MSCI Emerging Markets ETF $EEM

Sax Wealth Advisors LLC lifted its stake in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 21.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,925 shares of the exchange traded fund’s stock after buying an additional 1,762 shares during the period. Sax Wealth Advisors LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $479,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Sowell Financial Services LLC raised its holdings in iShares MSCI Emerging Markets ETF by 0.3% in the 2nd quarter. Sowell Financial Services LLC now owns 71,413 shares of the exchange traded fund’s stock valued at $3,445,000 after acquiring an additional 211 shares in the last quarter. Red Tortoise LLC raised its holdings in iShares MSCI Emerging Markets ETF by 0.8% in the 2nd quarter. Red Tortoise LLC now owns 28,704 shares of the exchange traded fund’s stock valued at $1,385,000 after acquiring an additional 220 shares in the last quarter. Hardin Capital Partners LLC raised its holdings in iShares MSCI Emerging Markets ETF by 3.2% in the 2nd quarter. Hardin Capital Partners LLC now owns 7,732 shares of the exchange traded fund’s stock valued at $374,000 after acquiring an additional 237 shares in the last quarter. Coastline Trust Co raised its holdings in iShares MSCI Emerging Markets ETF by 2.7% in the 1st quarter. Coastline Trust Co now owns 9,382 shares of the exchange traded fund’s stock valued at $410,000 after acquiring an additional 245 shares in the last quarter. Finally, Haverford Trust Co lifted its stake in iShares MSCI Emerging Markets ETF by 1.8% during the first quarter. Haverford Trust Co now owns 15,117 shares of the exchange traded fund’s stock worth $661,000 after purchasing an additional 260 shares during the period. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Down 1.0%

Shares of EEM opened at $53.93 on Friday. The stock has a market cap of $20.51 billion, a price-to-earnings ratio of 14.46 and a beta of 0.74. iShares MSCI Emerging Markets ETF has a 12 month low of $38.19 and a 12 month high of $54.69. The company has a 50-day moving average price of $51.36 and a two-hundred day moving average price of $47.69.

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).