Redhawk Wealth Advisors Inc. Buys 8,882 Shares of iShares MSCI Emerging Markets ETF $EEM

Redhawk Wealth Advisors Inc. lifted its stake in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 4.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 198,788 shares of the exchange traded fund’s stock after acquiring an additional 8,882 shares during the period. iShares MSCI Emerging Markets ETF makes up about 1.3% of Redhawk Wealth Advisors Inc.’s holdings, making the stock its 16th largest holding. Redhawk Wealth Advisors Inc.’s holdings in iShares MSCI Emerging Markets ETF were worth $13,599,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in EEM. Financial Management Professionals Inc. lifted its holdings in iShares MSCI Emerging Markets ETF by 3,776.5% in the 2nd quarter. Financial Management Professionals Inc. now owns 659 shares of the exchange traded fund’s stock worth $45,000 after purchasing an additional 642 shares during the last quarter. Key Client Fiduciary Advisors LLC raised its position in shares of iShares MSCI Emerging Markets ETF by 18.3% in the second quarter. Key Client Fiduciary Advisors LLC now owns 6,211 shares of the exchange traded fund’s stock valued at $425,000 after purchasing an additional 962 shares during the period. Contravisory Investment Management Inc. lifted its stake in shares of iShares MSCI Emerging Markets ETF by 51.9% in the second quarter. Contravisory Investment Management Inc. now owns 37,864 shares of the exchange traded fund’s stock worth $2,590,000 after buying an additional 12,942 shares during the last quarter. Atlas Brown Inc. boosted its holdings in shares of iShares MSCI Emerging Markets ETF by 2.2% during the 2nd quarter. Atlas Brown Inc. now owns 43,101 shares of the exchange traded fund’s stock worth $2,949,000 after buying an additional 936 shares during the period. Finally, Sax Wealth Advisors LLC grew its stake in iShares MSCI Emerging Markets ETF by 28.8% in the 2nd quarter. Sax Wealth Advisors LLC now owns 12,749 shares of the exchange traded fund’s stock valued at $872,000 after buying an additional 2,848 shares during the last quarter. Institutional investors and hedge funds own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Price Performance

Shares of EEM opened at $65.17 on Tuesday. The company has a market capitalization of $29.30 billion, a PE ratio of 14.46 and a beta of 0.74. iShares MSCI Emerging Markets ETF has a one year low of $49.23 and a one year high of $71.57. The company’s fifty day moving average price is $66.28 and its 200 day moving average price is $63.09.

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). 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.