Independence Wealth Advisors LLC Takes Position in iShares MSCI Emerging Markets ETF $EEM

Independence Wealth Advisors LLC bought a new position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 78,274 shares of the exchange traded fund’s stock, valued at approximately $4,282,000. iShares MSCI Emerging Markets ETF comprises 2.4% of Independence Wealth Advisors LLC’s portfolio, making the stock its 13th biggest position.

A number of other large investors have also recently made changes to their positions in the company. Clal Insurance Enterprises Holdings Ltd purchased a new stake in iShares MSCI Emerging Markets ETF in the 3rd quarter worth about $407,231,000. Corient Private Wealth LLC lifted its stake in iShares MSCI Emerging Markets ETF by 206.0% in the second quarter. Corient Private Wealth LLC now owns 3,240,329 shares of the exchange traded fund’s stock worth $156,313,000 after purchasing an additional 2,181,269 shares during the last quarter. Invesco Ltd. purchased a new position in shares of iShares MSCI Emerging Markets ETF during the second quarter valued at approximately $100,644,000. National Bank of Canada FI boosted its position in shares of iShares MSCI Emerging Markets ETF by 21,534.1% during the third quarter. National Bank of Canada FI now owns 1,979,092 shares of the exchange traded fund’s stock valued at $105,689,000 after buying an additional 1,969,944 shares during the period. Finally, Duquesne Family Office LLC bought a new position in shares of iShares MSCI Emerging Markets ETF during the third quarter valued at approximately $101,460,000. 81.39% of the stock is owned by hedge funds and other institutional investors.

iShares MSCI Emerging Markets ETF Stock Performance

EEM opened at $55.64 on Monday. The stock has a market cap of $25.36 billion, a price-to-earnings ratio of 14.46 and a beta of 0.64. The stock’s 50 day moving average price is $59.44 and its 200-day moving average price is $56.00. iShares MSCI Emerging Markets ETF has a one year low of $38.19 and a one year high of $65.96.

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.