iShares MSCI Emerging Markets ETF $EEM Stake Raised by Sovereign Investment Advisors LLC

Sovereign Investment Advisors LLC boosted its holdings in shares of iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) by 186.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,337 shares of the exchange traded fund’s stock after acquiring an additional 13,225 shares during the quarter. Sovereign Investment Advisors LLC’s holdings in iShares MSCI Emerging Markets ETF were worth $1,391,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. First Bancorp Inc ME purchased a new position in iShares MSCI Emerging Markets ETF during the second quarter valued at approximately $37,000. MidAtlantic Capital Management Inc. purchased a new stake in iShares MSCI Emerging Markets ETF in the 4th quarter worth approximately $25,000. Hilton Head Capital Partners LLC purchased a new stake in iShares MSCI Emerging Markets ETF in the 4th quarter worth approximately $25,000. Merkkuri Wealth Advisors LLC acquired a new stake in shares of iShares MSCI Emerging Markets ETF during the 1st quarter valued at $27,000. Finally, Jessup Wealth Management Inc acquired a new stake in shares of iShares MSCI Emerging Markets ETF during the 4th quarter valued at $31,000. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Stock Up 1.8%

iShares MSCI Emerging Markets ETF stock opened at $68.70 on Friday. iShares MSCI Emerging Markets ETF has a 12 month low of $50.17 and a 12 month high of $71.57. The stock has a market cap of $30.88 billion, a P/E ratio of 14.46 and a beta of 0.74. The company’s fifty day simple moving average is $65.77 and its 200-day simple moving average is $64.00.

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). 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.