Lake Hills Wealth Management LLC Invests $6.21 Million in iShares MSCI Emerging Markets ETF $EEM

Lake Hills Wealth Management LLC acquired a new position in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 113,550 shares of the exchange traded fund’s stock, valued at approximately $6,212,000. iShares MSCI Emerging Markets ETF comprises approximately 3.2% of Lake Hills Wealth Management LLC’s investment portfolio, making the stock its 11th biggest position.

Other large investors also recently bought and sold shares of the company. Gries Financial LLC increased its position in shares of iShares MSCI Emerging Markets ETF by 1.3% during the third quarter. Gries Financial LLC now owns 14,652 shares of the exchange traded fund’s stock valued at $782,000 after acquiring an additional 187 shares during the last quarter. Brown Lisle Cummings Inc. boosted its position in shares of iShares MSCI Emerging Markets ETF by 11.7% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 1,926 shares of the exchange traded fund’s stock worth $103,000 after purchasing an additional 201 shares during the period. Accredited Wealth Management LLC increased its holdings in iShares MSCI Emerging Markets ETF by 42.7% in the 3rd quarter. Accredited Wealth Management LLC now owns 688 shares of the exchange traded fund’s stock valued at $37,000 after purchasing an additional 206 shares during the last quarter. United Capital Financial Advisors LLC raised its position in iShares MSCI Emerging Markets ETF by 0.4% in the third quarter. United Capital Financial Advisors LLC now owns 58,727 shares of the exchange traded fund’s stock valued at $3,136,000 after purchasing an additional 213 shares during the period. Finally, Promus Capital LLC raised its position in iShares MSCI Emerging Markets ETF by 0.3% in the third quarter. Promus Capital LLC now owns 79,543 shares of the exchange traded fund’s stock valued at $4,248,000 after purchasing an additional 215 shares during the period. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Down 3.4%

EEM opened at $55.64 on Friday. iShares MSCI Emerging Markets ETF has a 52 week low of $38.19 and a 52 week high of $65.96. The business has a fifty day simple moving average of $59.44 and a 200-day simple moving average of $55.92. The firm has a market cap of $25.36 billion, a P/E ratio of 14.46 and a beta of 0.64.

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). The Index is designed to measure equity market performance in the global emerging markets. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.