QRG Capital Management Inc. Purchases Shares of 4,899 iShares MSCI Emerging Markets ETF (NYSEARCA:EEM)

QRG Capital Management Inc. bought a new position in iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,899 shares of the exchange traded fund’s stock, valued at approximately $205,000.

A number of other hedge funds have also recently modified their holdings of EEM. Harbor Capital Advisors Inc. boosted its stake in shares of iShares MSCI Emerging Markets ETF by 18.4% in the third quarter. Harbor Capital Advisors Inc. now owns 4,980 shares of the exchange traded fund’s stock worth $228,000 after buying an additional 775 shares during the last quarter. SFG Wealth Management LLC. purchased a new stake in shares of iShares MSCI Emerging Markets ETF in the third quarter worth about $207,000. Verdence Capital Advisors LLC boosted its stake in shares of iShares MSCI Emerging Markets ETF by 1.1% in the third quarter. Verdence Capital Advisors LLC now owns 187,960 shares of the exchange traded fund’s stock worth $8,620,000 after buying an additional 2,043 shares during the last quarter. Fairway Wealth LLC boosted its stake in shares of iShares MSCI Emerging Markets ETF by 94.0% in the third quarter. Fairway Wealth LLC now owns 6,841 shares of the exchange traded fund’s stock worth $314,000 after buying an additional 3,315 shares during the last quarter. Finally, TCTC Holdings LLC boosted its position in iShares MSCI Emerging Markets ETF by 12.4% during the third quarter. TCTC Holdings LLC now owns 157,267 shares of the exchange traded fund’s stock worth $7,212,000 after purchasing an additional 17,349 shares in the last quarter. Hedge funds and other institutional investors own 81.39% of the company’s stock.

iShares MSCI Emerging Markets ETF Trading Up 0.5 %

Shares of EEM stock opened at $44.42 on Friday. The company has a market capitalization of $16.45 billion, a P/E ratio of 14.53 and a beta of 0.70. The business’s 50 day moving average is $42.99 and its two-hundred day moving average is $43.70. iShares MSCI Emerging Markets ETF has a 12-month low of $39.39 and a 12-month high of $47.44.

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).